Charles Henderson Memorial Association

Analysis

Charles Henderson Memorial Association is a registered charity in United States, based in Troy, AL. It received its IRS tax-exemption ruling in January 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Charles Henderson Memorial Association reported income of $4.4m and spending of $4.6m, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $3.9m to $4.4m (+14%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Charles Henderson Memorial Association 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 94th percentile within AL. Charities of a similar size with the same main cause include Penn Yan Manor Nursing Home Inc ($4.4m), Make-A-Wish Foundation of Orange County ($4.4m) and Covered Bridge Healthcare of St Joseph County Inc ($4.4m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 58% of the total. Compensation of current officers, directors and key employees was $34k (0.7% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $114.0m against liabilities of $219k, net assets of $113.8m. It reported 47 employees.