Denise Marie Flaherty Memorial Foundation Inc

Analysis

Denise Marie Flaherty Memorial Foundation Inc is a registered charity in United States, based in Oak Island, NC. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover public and societal benefit, 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, Denise Marie Flaherty Memorial Foundation Inc reported income of $222k and spending of $319k, spending 143% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $327k to $222k (-32%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Denise Marie Flaherty Memorial Foundation Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Angels Giving Back ($222k), Chevy Chase Community Center ($222k) and DMW Volunteer Fire Department Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% of the total. Other salaries and wages came to $73k. At year end it held assets of $222k against liabilities of $31k, net assets of $191k.