McCormick Memorial Home for the Aged

Analysis

McCormick Memorial Home for the Aged is a registered charity in United States, based in Green Bay, WI. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2024, McCormick Memorial Home for the Aged reported income of $220k and spending of $84k, leaving 62% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $320k to $220k (-31%), an average of -8.9% a year. The sharpest change came in the year to June 2024, when income rose by 147%. Over the whole period it spent 13% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McCormick Memorial Home for the Aged sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within WI. Charities of a similar size with the same main cause include Cottage at Crestview Inc ($220k), Habitat for Humanity International Inc ($220k) and Clark County Supportive Housing Inc ($220k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 28% of the total. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.