Partners of the Memorial Medical Center

Analysis

Partners of the Memorial Medical Center is a registered charity in United States, based in Ashland, WI. It received its IRS tax-exemption ruling in October 1973, 53 years ago. 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, Partners of the Memorial Medical Center reported income of $194k and spending of $191k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $179k to $194k (+8.3%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Partners of the Memorial Medical Center sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within WI. Charities of a similar size with the same main cause include Woodstock Swimming Association ($194k), Lighthouse Preservation Society ($194k) and Izaak Walton League of America Inc ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 31% of the total. Other salaries and wages came to $84k. At year end it held assets of $167k against liabilities of $32k, net assets of $135k. It reported 3 employees.