Mellette Memorial Association

Analysis

Mellette Memorial Association is a registered charity in United States, based in Watertown, SD. It received its IRS tax-exemption ruling in May 1946, 80 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, Mellette Memorial Association reported income of $55k and spending of $29k, leaving 46% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $47k to $55k (+17%), an average of +5.5% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mellette Memorial Association sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 16th percentile within SD. Charities of a similar size with the same main cause include Georgia Extension 4-H Foundation ($55k), Jacksonville Kiwanis Foundation ($55k) and University of Florida Alumni Association Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 0.4% of the total. Other salaries and wages came to $3,769. At year end it held assets of $590k against liabilities of $0, net assets of $590k. It reported 5 employees.