Mary Grace Memorial Fund

Analysis

Mary Grace Memorial Fund is a registered charity in United States, based in Strongsville, OH. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mary Grace Memorial Fund reported income of $224k and spending of $243k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $302k to $224k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2022, when income rose by 311%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mary Grace Memorial Fund sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within OH. Charities of a similar size with the same main cause include Lives Transforming Group Inc ($224k), The Wunderglo Foundation ($224k) and Lifeline-Connect Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.