Memorial Clinics Inc

Analysis

Memorial Clinics Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in July 1969, 57 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Memorial Clinics Inc reported income of $65k and spending of $79k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $36k to $65k (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 147%. Over the whole period it spent 148% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Clinics Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within LA. Charities of a similar size with the same main cause include Urquhart Memorial Foundation ($65k), Operation Integrity ($65k) and Drug & Alcohol Training Inc ($65k).

At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.