Memorial Health Systems Foundation Inc

Analysis

Memorial Health Systems Foundation Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in September 2001, 25 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, Memorial Health Systems Foundation Inc reported income of $2.0m and spending of $1.6m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $765k to $2.0m (+159%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 217%. Over the whole period it spent 58% 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 Systems Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Miami Rescue Mission Clinic Inc ($2.0m), Living Free Health & Fitness a Non-Profit Corp ($2.0m) and United Methodist Communities Homeworks Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 74% of the total. At year end it held assets of $11.7m against liabilities of $49k, net assets of $11.7m.