Memorial Health Foundation

Analysis

Memorial Health Foundation is a registered charity in United States, based in Marietta, OH. It received its IRS tax-exemption ruling in July 1981, 45 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Memorial Health Foundation reported income of $5.7m and spending of $1.1m, leaving 81% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $5.7m (+216%), an average of +33% a year. The sharpest change came in the year to September 2023, when income rose by 116%. Over the whole period it spent 37% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Health Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Aoac International ($5.7m), Crisis Support Services of Alameda County ($5.7m) and Share Equity ($5.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $158k (15% of expenses). Other salaries and wages came to $170k. At year end it held assets of $36.2m against liabilities of $3.3m, net assets of $32.9m. It reported 4 employees.