Allen Memorial Home Inc

Analysis

Allen Memorial Home Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Allen Memorial Home Inc reported income of $670k and spending of $1.3m, spending 197% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $434k to $670k (+54%), an average of +9.1% a year. The sharpest change came in the year to June 2021, when income rose by 156%. Over the whole period it spent 154% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Allen Memorial Home Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within AL. Charities of a similar size with the same main cause include Highland Park Montessori School Inc ($670k), Stuhr Museum Foundation ($671k) and National Church Residences ($670k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% of the total. At year end it held assets of $10.1m against liabilities of $159, net assets of $10.1m.