Michael W Mccarthy Foundation Inc
Only null% goes to programs Strong reserves
Michael W Mccarthy Foundation Inc is a 501(c)(3) organization based in Hauppauge, New York, registered in 2007, with $722,089 in FY2024 revenue. CharityIndex grades it C+.
400 Townline Rd Ste 100, Hauppauge, NY, 11788 EIN 26-0675307 Since 2007
Revenue (FY2024)
$722K
▲ 118.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$572K
Net assets
$6.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Michael W Mccarthy Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating125 mo reserves · +21% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Michael W Mccarthy Foundation Inc: 125 mo reserves · +21% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Michael W Mccarthy Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Michael W Mccarthy Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 400 Townline Rd Ste 100, Hauppauge, NY, 11788
- City
- Hauppauge
- State
- New York
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $595K (FY2014) to $722K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $6.0M
Operating margin
20.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.0M
Total liabilities
$0
Net assets
$6.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $722,089▲118% | $571,710▲8.2% | $5,973,866▲2.6% | $5,973,866▲2.6% | 990PF |
| 2023 | $331,130▲14.7% | $528,574▼3.3% | $5,823,487▼3.3% | $5,823,901▼3.3% | 990PF |
| 2022 | $288,651▼61.6% | $546,503▼11.9% | $6,020,931▼4.1% | $6,021,345▼4.7% | 990PF |
| 2021 | $751,027▲597% | $620,198▲41.7% | $6,278,783▲2.1% | $6,317,520▲2.1% | 990PF |
| 2020 | $107,739▼77.5% | $437,744▼24.8% | $6,147,954▼5.2% | $6,189,041▼4.5% | 990PF |
| 2019 | $479,824▼6.9% | $581,909▼3.3% | $6,481,946▼1.0% | $6,481,946▼1.0% | 990PF |
| 2018 | $515,475▼3.0% | $601,586▼20.3% | $6,546,824▼0.7% | $6,546,824▼0.7% | 990PF |
| 2017 | $531,212▲68.9% | $754,464▲0.5% | $6,591,868▼3.3% | $6,591,868▼3.3% | 990PF |
| 2016 | $314,567▼27.0% | $750,524▼13.0% | $6,820,002▼5.5% | $6,820,067▼5.5% | 990PF |
| 2015 | $430,817▼27.6% | $862,986▼6.1% | $7,217,251▼5.1% | $7,217,251▼5.1% | 990PF |
| 2014 | $594,785 | $918,575 | $7,606,088 | $7,606,088 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Michael W Mccarthy Foundation Inc a legitimate nonprofit?
- Yes. Michael W Mccarthy Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-0675307, based in Hauppauge, New York. Donations are tax-deductible.
- What is Michael W Mccarthy Foundation Inc's EIN?
- Michael W Mccarthy Foundation Inc's Employer Identification Number (EIN) is 26-0675307.
- How much revenue does Michael W Mccarthy Foundation Inc report?
- Michael W Mccarthy Foundation Inc reported $722,089 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Michael W Mccarthy Foundation Inc have?
- CharityIndex grades Michael W Mccarthy Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Michael W Mccarthy Foundation Inc (EIN 26-0675307) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.