Melmark Home Workers Compensation Trust

Analysis

Melmark Home Workers Compensation Trust is a registered charity in United States, based in Berwyn, PA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. 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 December 2023, Melmark Home Workers Compensation Trust reported income of $804k and spending of $907k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $804k (+420%), an average of +51% a year. The sharpest change came in the year to December 2020, when income rose by 288%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Melmark Home Workers Compensation Trust sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Salem Family Ministries Inc ($804k), New England Hebrew Academy ($805k) and Faith Matters Foundation Inc ($804k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $827k against liabilities of $872k, net assets of -$45k.