Overview
What is Ronald Mcdonald House Charities Of Kentuckiana Inc?
Ronald Mcdonald House Charities Of Kentuckiana Inc is a compassionate nonprofit organization situated in Louisville, Kentucky. Their primary mission is to offer a temporary home for families with seriously ill children, allowing them to remain together during their children's critical medical treatments. In 2022, they accommodated 927 families and 3,661 family members, providing them with essential amenities such as meals, laundry facilities, activities, and a comfortable stay for an average of 8 days. Their facilities expanded to 56 guestrooms, hosting families for a total of 14,243 nights with an occupation rate of 70%. The organization's overarching aim is to alleviate the stress of hospital stays for these families, enabling them to focus on their children's healing.
Official website here: www.rmhc-kentuckiana.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 94%, Four-Star out of Four Star rating.
Ronald McDonald House Charities of Kentuckiana Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of trustworthiness and performance. The organization excels in several key areas, notably with an Accountability & Finance score of 95, reflecting strong financial health and transparency. Their commitment to feedback collection and usage is exemplary, scoring a perfect 100 points, which suggests that they actively engage with and respond to the needs of their stakeholders.
The organization demonstrates effective financial management, highlighted by a Program Expense Ratio of 76%, ensuring that the majority of funds are directed towards their mission-related programs. Additionally, their Fundraising Efficiency Ratio of $0.17 indicates that they are able to raise funds effectively with minimal costs. The low Liabilities to Assets Ratio of 2.10% further suggests a solid financial foundation.
However, while their Equity Strategies score of 85 out of 100 is commendable, there is room for improvement in promoting equity within their operations. Overall, Ronald McDonald House Charities of Kentuckiana Inc stands out as a well-managed organization dedicated to supporting families in need, although continued efforts in equity practices could enhance their overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Ronald Mcdonald House Charities Of Kentuckiana Inc legitimate?
Ronald Mcdonald House Charities Of Kentuckiana Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ronald Mcdonald House Charities Of Kentuckiana Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $449,207
Professional Fundraising Fees: $0
Other Salaries and Wages: $738,489
For more financial information, click here
Official website here: www.rmhc-kentuckiana.org
What is the mission statement of Ronald Mcdonald House Charities Of Kentuckiana Inc?
Ronald McDonald House Charities of Kentuckiana Inc's mission is to offer a home and support to families, enabling them to stay together during a critical period when their children are receiving medical treatment. The charity aims to provide a comforting environment where families can focus on their sick children's healing, offering amenities such as guestrooms, meals, laundry facilities, and activities. In 2022, the charity housed 927 families and 3,661 family members of seriously ill children, with an average stay of 8 days and a 70% occupancy rate. The expanded facilities provided a total of 14,243 nights of accommodation.
Official website here: www.rmhc-kentuckiana.org
Who is the CEO of Ronald Mcdonald House Charities Of Kentuckiana Inc?
Hal Hedley is the President of Ronald Mcdonald House Charities Of Kentuckiana Inc. The CEO's salary of Ronald Mcdonald House Charities Of Kentuckiana Inc is $174,286 and their total compensation is $187,087.
Official website here: www.rmhc-kentuckiana.org
What is the revenue of Ronald Mcdonald House Charities Of Kentuckiana Inc?
Ronald Mcdonald House Charities Of Kentuckiana Inc's revenue in 2022 was $3,324,956.
Official website here: www.rmhc-kentuckiana.org
Who are the executives of Ronald Mcdonald House Charities Of Kentuckiana Inc and what are their salaries?
The average compensation at Ronald Mcdonald House Charities Of Kentuckiana Inc during 2022 was $33,934. There are 35 employees and 115 volunteers at Ronald Mcdonald House Charities Of Kentuckiana Inc.
Here are 24 key members and their salaries (Ronald Mcdonald House Charities Of Kentuckiana Inc's CEO's salary is $174,286 and their total compensation is $187,087):
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Official website here: www.rmhc-kentuckiana.org
Where can I find the form 990 for Ronald Mcdonald House Charities Of Kentuckiana Inc?
Ronald Mcdonald House Charities Of Kentuckiana Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rmhc-kentuckiana.org
Learn more at the official website: www.rmhc-kentuckiana.org
Mission Statement of Ronald Mcdonald House Charities Of Kentuckiana Inc
Ronald McDonald House Charities of Kentuckiana Inc is dedicated to providing a supportive environment for families whose children are undergoing critical medical treatment. Their mission, in simple terms, is to offer a home-away-from-home where these families can stay together, allowing them to focus on their child's recovery without the added stress of managing daily living necessities. This nonprofit organization understands the emotional and financial strain that such a situation can impose, and it aims to alleviate some of that burden by offering a range of amenities and support services.
In practice, Ronald McDonald House Charities of Kentuckiana Inc provides more than just a guestroom for rest and sleep. They offer meals and snacks, laundry facilities, and a variety of activities to make the families' stay as comfortable as possible. The average length of stay at Ronald McDonald House is eight days, reflecting the extended nature of many children's medical treatments. During the year 2022 alone, the organization accommodated 927 families and 3,661 family members, providing a total of 14,243 nights of lodging, with an overall occupancy rate of 70%. By offering these services, Ronald McDonald House Charities of Kentuckiana Inc allows families to focus on their child's healing process, providing them with the emotional and physical strength needed to overcome this challenging time.
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Impact
October, 2024
Ronald McDonald House Charities of Kentuckiana Inc significantly impacts families with seriously ill children by providing essential support and resources during challenging times. In 2022, they offered a comfortable home-away-from-home for 927 families, accommodating a total of 3,661 family members. This organization not only provides guest rooms for rest but also ensures access to meals, laundry facilities, and various activities that create a supportive environment.
With 56 guest rooms, the charity saw an impressive occupancy rate of 70%, facilitating a total of 14,243 nights of accommodation for families, with an average stay of 8 days. This support allows families to remain close to their loved ones while focusing on the healing process, ultimately helping to alleviate some of the stresses associated with medical crises. Through these efforts, Ronald McDonald House Charities of Kentuckiana fosters resilience and community, making a profound difference in the lives of many families in Louisville, KY.
This information is meant to be a general summary of Ronald Mcdonald House Charities Of Kentuckiana Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$76,823
- Program Service Revenue: $580,000
- Gross Receipts: $3,592,420
Assets and Liabilities:
- Total Assets: $26,977,094
- Total Liabilities: $568,149
- Net Assets: $26,408,945
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OVERNIGHT ROOM REVENUE
Revenue
$493,100
SUMMIT REVENUE
Revenue
$86,900
Organization Details
Founding Year
1982
Phone
(502) 581-1416Principal Officer
Hal Hedley
Main Address
550 SOUTH FIRST STREET, LOUISVILLE, KY, 40202
Website
www.rmhc-kentuckiana.orgNTEE Category
Code: E86Z - Health
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