Memorial Home Endowment Foundation

Analysis

Memorial Home Endowment Foundation is a registered charity in United States, based in Moundridge, KS. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Memorial Home Endowment Foundation reported income of $74k and spending of $16k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $80k to $74k (-8.1%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income rose by 463%. Over the whole period it spent 42% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Memorial Home Endowment Foundation sits at the 17th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within KS. Charities of a similar size with the same main cause include Riverton Tenant Association Inc ($74k), Spectrum Maywood Home Inc ($74k) and Ocean View Manor Inc ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.