Memorial Foundation Inc

Analysis

Memorial Foundation Inc is a registered charity in United States, based in Madison, TN. It received its IRS tax-exemption ruling in December 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Memorial Foundation Inc reported income of $4.1m and spending of $7.8m, spending 190% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $4.8m to $4.1m (-15%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 15%. Over the whole period it spent 175% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include West Michigan Radiation Oncology ($4.1m), Center for the Disabled Endowment Inc ($4.1m) and Idaho Elks Rehabilitation Hospital Inc ($4.1m).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 0.0% of the total. Compensation of current officers, directors and key employees was $668k (8.6% of expenses). Other salaries and wages came to $121k. At year end it held assets of $135.6m against liabilities of $276k, net assets of $135.4m. It reported 5 employees.