Mead Memorial Chapel

Analysis

Mead Memorial Chapel is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in December 1946, 80 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mead Memorial Chapel reported income of $51k and spending of $86k, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $381k to $51k (-87%), an average of -39% a year. The sharpest change came in the year to December 2022, when income rose by 262%. Over the whole period it spent 28% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mead Memorial Chapel sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 26th percentile within SC. Charities of a similar size with the same main cause include Mekong Evangelical Mission ($51k), Altai Cultural Center USA Inc ($51k) and Alcance Nueva Vida Internacional Inc ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.