Rita M Mcginley Foundation
Only null% goes to programs Strong reserves Growing revenue
Rita M Mcginley Foundation is a 501(c)(3) organization based in Pittsburgh, Pennsylvania, registered in 2003, with $2,738,462 in FY2023 revenue. CharityIndex grades it C+.
600 Grant St Ste 4400, Pittsburgh, PA, 15219 EIN 43-2024870 Since 2003
Revenue (FY2023)
$2.7M
▲ 512.6% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$987K
Net assets
$11.9M
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 Rita M Mcginley Foundation— 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 rating145 mo reserves · +64% 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 Rita M Mcginley Foundation: 145 mo reserves · +64% 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 Rita M Mcginley Foundation— 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 Rita M Mcginley Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 600 Grant St Ste 4400, Pittsburgh, PA, 15219
- City
- Pittsburgh
- State
- Pennsylvania
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $1.2M (FY2020) to $2.7M (FY2023) across 4 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $11.9M
Operating margin
63.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$11.9M
Total liabilities
$0
Net assets
$11.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,738,462▲513% | $987,250▲33.7% | $11,934,215▲17.2% | $11,934,215▲17.2% | 990PF |
| 2022 | $446,993▼55.7% | $738,262▼37.9% | $10,183,003▼2.8% | $10,183,003▼2.8% | 990PF |
| 2021 | $1,009,856▼17.4% | $1,189,772▲29.0% | $10,474,272▼1.7% | $10,474,272▼1.7% | 990PF |
| 2020 | $1,222,135 | $922,017 | $10,654,188 | $10,654,188 | 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 Rita M Mcginley Foundation a legitimate nonprofit?
- Yes. Rita M Mcginley Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 43-2024870, based in Pittsburgh, Pennsylvania. Donations are tax-deductible.
- What is Rita M Mcginley Foundation's EIN?
- Rita M Mcginley Foundation's Employer Identification Number (EIN) is 43-2024870.
- How much revenue does Rita M Mcginley Foundation report?
- Rita M Mcginley Foundation reported $2,738,462 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Rita M Mcginley Foundation have?
- CharityIndex grades Rita M Mcginley Foundation C+, based on financial health (reserves and operating margin).
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Data for Rita M Mcginley Foundation (EIN 43-2024870) 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.