Mansfield Memorial Homes Inc

Analysis

Mansfield Memorial Homes Inc is a registered charity in United States, based in Mansfield, OH. It received its IRS tax-exemption ruling in December 1975, 51 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, Mansfield Memorial Homes Inc reported income of $5.2m and spending of $6.9m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.5m to $5.2m (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mansfield Memorial Homes Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include National Ovarian Cancer Coalition Inc ($5.2m), North Shore-Lij Internal Medicine at Lynbrook PC ($5.2m) and St Barnabas Charitable Foundation Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $115k (1.7% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $5.1m against liabilities of $1.4m, net assets of $3.7m. It reported 174 employees.