Uss LST Ship Memorial Inc

Analysis

Uss LST Ship Memorial Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in October 1988, 38 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, Uss LST Ship Memorial Inc reported income of $1.1m and spending of $637k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $789k to $1.1m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Uss LST Ship Memorial Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Fresno Sheriffs Memorial Foundation ($1.1m), Terre Haute Electrical Joint Apprenticeship and Training Trust ($1.1m) and Brickways Management ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 61% of the total. Other salaries and wages came to $245k. At year end it held assets of $3.7m against liabilities of $5,978, net assets of $3.7m. It reported 9 employees.