Memorial Park Estates Inc

Analysis

Memorial Park Estates Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Park Estates Inc reported income of $238k and spending of $294k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $238k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Memorial Park Estates Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IN. Charities of a similar size with the same main cause include Village of Skaneateles Housing Authority ($238k), Access Community Housing Inc ($238k) and Ashland Church Community Emergency Shelter Services ($238k).

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 $41k. At year end it held assets of $1.7m against liabilities of $2.6m, net assets of -$930k.

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.