Memorial Health Foundation

Analysis

Memorial Health Foundation is a registered charity in United States, based in Abilene, KS. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Memorial Health Foundation reported income of $111k and spending of $86k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to September 2023, income fell from $251k to $111k (-56%), an average of -34% a year. The sharpest change came in the year to September 2023, when income rose by 122%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Health Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within KS. Charities of a similar size with the same main cause include Rogue Valley Recovery Homes ($111k), Equip Ministries Inc ($111k) and Reynoldsville Area Ambulance Service Inc ($111k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $252k against liabilities of $4,333, net assets of $248k.