Scotland Memorial Foundation Inc

Analysis

Scotland Memorial Foundation Inc is a registered charity in United States, based in Laurinburg, NC. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Scotland Memorial Foundation Inc reported income of $1.1m and spending of $1.1m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.4m to $1.1m (-22%), an average of -6.1% a year. The sharpest change came in the year to September 2022, when income dropped by 17%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Scotland Memorial Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Storm Engine Company Ambulance Corps ($1.1m), LGS Foundation ($1.1m) and National Kidney Foundation of Utah & Idaho ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $7.2m against liabilities of $1,243, net assets of $7.2m.