United Methodist Memorial Home

Analysis

United Methodist Memorial Home is a registered charity in United States, based in Warren, IN. It received its IRS tax-exemption ruling in May 1951, 75 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2023, United Methodist Memorial Home reported income of $46.5m and spending of $52.8m, spending 114% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $22.6m to $46.5m (+105%), an average of +20% a year. The sharpest change came in the year to March 2023, when income rose by 131%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Methodist Memorial Home sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Hospice Care of Southwest Michigan ($46.4m), Authoracare Collective ($46.6m) and Central Florida Young Mens Christian Association ($46.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $335k (0.6% of expenses). Other salaries and wages came to $33.0m. At year end it held assets of $66.2m against liabilities of $20.7m, net assets of $45.6m. It reported 769 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.