Simpson Memorial Home Inc

Analysis

Simpson Memorial Home Inc is a registered charity in United States, based in West Liberty, IA. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Simpson Memorial Home Inc reported income of $8.3m and spending of $9.2m, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $9.3m to $8.3m (-11%), an average of -3.8% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Simpson Memorial Home Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include Center for Veterans Research and Education ($8.3m), Delta Dental of Oklahoma Foundation ($8.3m) and Metropolitan Center for Mental Health Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $292k (3.2% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $14.8m against liabilities of $3.0m, net assets of $11.8m. It reported 219 employees.