Memorial Health Care System Foundation Inc

Analysis

Memorial Health Care System Foundation Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Memorial Health Care System Foundation Inc reported income of $5.5m and spending of $3.9m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $5.5m (+212%), an average of +33% a year. The sharpest change came in the year to June 2020, when income rose by 87%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memorial Health Care System Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include Country Childrens Center Inc ($5.5m), Historic Charleston Foundation ($5.5m) and The Electrical Trades Center ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $15.2m against liabilities of $160k, net assets of $15.1m.