Memorial Group Inc

Analysis

Memorial Group Inc is a registered charity in United States, based in Belleville, IL. It received its IRS tax-exemption ruling in February 1988, 38 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 December 2023, Memorial Group Inc reported income of $126k and spending of $107k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $176k to $126k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2023, when income rose by 2436%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Group Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include Bags & Blessings ($126k), Minnesota Alliance for Patient Safety ($126k) and Group Care Global ($126k).

At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.