Memorial Hospital and Homes Association Inc

Analysis

Memorial Hospital and Homes Association Inc is a registered charity in United States, based in Perham, MN. It received its IRS tax-exemption ruling in September 1988, 38 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 September 2024, Memorial Hospital and Homes Association Inc reported income of $420k and spending of $340k, spending 81% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $382k to $420k (+10%), an average of +2.4% a year. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Memorial Hospital and Homes Association Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Gratiot County Hope House ($420k), Habitat for Humanity International Inc ($420k) and Gods Way Home Inc ($420k).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 96% of the total. At year end it held assets of $589k against liabilities of $100k, net assets of $489k.