Holy Family Memorial Inc

Analysis

Holy Family Memorial Inc is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in May 1937, 89 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Holy Family Memorial Inc reported income of $92.3m and spending of $118.6m, spending 129% of what it took in. Across the 4 years on record, from December 2020 to June 2023, income fell from $123.0m to $92.3m (-25%), an average of -9.1% a year. The sharpest change came in the year to June 2022, when income rose by 114%. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Holy Family Memorial Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include Community Hospital of Anaconda ($92.3m), Southern Illinois Healthcare Foundation Inc ($92.3m) and Thedacare Medical Center-Shawano Inc ($92.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 95% of the total. Other salaries and wages came to $44.0m. At year end it held assets of $39.3m against liabilities of $11.7m, net assets of $27.7m.

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.