Tuff Memorial Home

Analysis

Tuff Memorial Home is a registered charity in United States, based in Hills, MN. It received its IRS tax-exemption ruling in August 1963, 63 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Tuff Memorial Home reported income of $4.2m and spending of $4.2m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.9m to $4.2m (+6.6%), an average of +1.6% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tuff Memorial Home sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Merrie Woode Foundation Inc ($4.2m), The Cornerstone School Inc ($4.2m) and Minnesota Rural Water Association ($4.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $106k (2.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $6.2m against liabilities of $502k, net assets of $5.7m. It reported 139 employees.

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.