Tieszen Memorial Home Inc

Analysis

Tieszen Memorial Home Inc is a registered charity in United States, based in Marion, SD. It received its IRS tax-exemption ruling in May 1960, 66 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, Tieszen Memorial Home Inc reported income of $8.0m and spending of $6.1m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $8.0m (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tieszen Memorial Home Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within SD. Charities of a similar size with the same main cause include Behavioral Research Association Inc ($8.0m), St Richards Episcopal School Inc ($8.0m) and Franciscan Properties Inc ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 80% of the total. Compensation of current officers, directors and key employees was $166k (2.7% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $7.8m against liabilities of $945k, net assets of $6.9m. It reported 160 employees.