Lawrence and Memorial Corporation

Analysis

Lawrence and Memorial Corporation is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in February 1985, 41 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lawrence and Memorial Corporation reported income of $874k and spending of $31k, leaving 96% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.6m to $874k (-45%), an average of -14% a year. The sharpest change came in the year to September 2023, when income dropped by 63%. Over the whole period it spent 14% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lawrence and Memorial Corporation sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CT. Charities of a similar size with the same main cause include Prosser Memorial Health Foundation ($874k), Backline Care Inc ($874k) and Staten Island Volunteers of Hatzalah Inc ($874k).

At year end it held assets of $84.2m against liabilities of $7,353, net assets of $84.2m.