Memorial Healthcare Foundation Inc

Analysis

Memorial Healthcare Foundation Inc is a registered charity in United States, based in Friendship, WI. It received its IRS tax-exemption ruling in June 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Memorial Healthcare Foundation Inc reported income of $151k and spending of $78k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to September 2023, income grew from $123k to $151k (+22%), an average of +5.2% a year. The sharpest change came in the year to September 2023, when income rose by 56%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memorial Healthcare Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within WI. Charities of a similar size with the same main cause include Carrizo Plain Conservancy ($151k), Mississinewa Battlefield Society ($151k) and Susan Todd Horton Class of 1910 Trust Fbo Wellesley College ($151k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 106% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.