Hamilton Memorial Foundation NFP

Analysis

Hamilton Memorial Foundation NFP is a registered charity in United States, based in McLeansboro, IL. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Hamilton Memorial Foundation NFP reported income of $75k and spending of $63k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $58k to $75k (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2020, when income rose by 50%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hamilton Memorial Foundation NFP sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within IL. Charities of a similar size with the same main cause include Fox Lane Middle School Association Inc ($75k), Hebrew Academy of Tidewater Foundation Inc ($75k) and McDougal Foundation Inc ($75k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 106% of the total. At year end it held assets of $378k against liabilities of $0, net assets of $378k. It reported 3 employees.