Memorial Home Inc

Analysis

Memorial Home Inc is a registered charity in United States, based in Moundridge, KS. It received its IRS tax-exemption ruling in March 1961, 65 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Memorial Home Inc reported income of $9.2m and spending of $8.9m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.5m to $9.2m (+23%), an average of +5.4% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 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 95th percentile, and in the 95th percentile within KS. Charities of a similar size with the same main cause include Childplace Inc ($9.2m), Arizona Coalition to End Sexual and Domestic Violence ($9.2m) and Nexus Diversified Community Services ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $217k (2.4% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $12.9m against liabilities of $6.5m, net assets of $6.4m. It reported 298 employees.