Morrow Memorial Home for the Aged

Analysis

Morrow Memorial Home for the Aged is a registered charity in United States, based in Sparta, WI. It received its IRS tax-exemption ruling in February 1941, 85 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Morrow Memorial Home for the Aged reported income of $14.1m and spending of $13.0m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.1m to $14.1m (+28%), an average of +6.3% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Morrow Memorial Home for the Aged sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Center for Hope Hospice Inc ($14.1m), Covenant House Texas ($14.1m) and Community Living Services Incorporated ($14.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $292k (2.2% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $28.4m against liabilities of $17.7m, net assets of $10.7m. It reported 320 employees.