Catholic Memorial Home

Analysis

Catholic Memorial Home is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in September 1941, 85 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Catholic Memorial Home reported income of $29.3m and spending of $23.8m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.3m to $29.3m (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Catholic Memorial Home sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Wright State Physicians Inc ($29.3m), Brien Center for Mental Health & Subtance Abuse Services ($29.3m) and Episcopal Health Foundation ($29.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. Other salaries and wages came to $12.3m. At year end it held assets of $27.0m against liabilities of $3.9m, net assets of $23.1m. It reported 362 employees.