Living Memorial Scholarship

Analysis

Living Memorial Scholarship is a registered charity in United States, based in Huntsville, MO. It received its IRS tax-exemption ruling in May 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Living Memorial Scholarship reported income of $187k and spending of $78k, leaving 59% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $113k to $187k (+66%), an average of +18% a year. The sharpest change came in the year to December 2022, when income dropped by 102%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Living Memorial Scholarship sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within MO. Charities of a similar size with the same main cause include Ukrainian Home of Rochester Inc ($187k), Little Legue Baseball Inc ($187k) and Mission First Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 1.3% of the total. At year end it held assets of $1.2m against liabilities of -$41k, net assets of $1.3m.