Memorial Professional Services Ltd

Analysis

Memorial Professional Services Ltd is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Memorial Professional Services Ltd reported income of $17.3m and spending of $24.7m, spending 143% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $15.1m to $17.3m (+15%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 142% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Professional Services Ltd sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Hazen Memorial Hospital Association ($17.3m), Isabella Citizens for Health Inc ($17.3m) and Klamath Health Partners Inc ($17.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $15.6m. At year end it held assets of $3.1m against liabilities of $4.8m, net assets of -$1.7m. It reported 165 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.