Memorial Assistance Ministries Inc

Analysis

Memorial Assistance Ministries Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Assistance Ministries Inc reported income of $14.9m and spending of $7.8m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $14.9m (+144%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 149%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Memorial Assistance Ministries Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Hippocrates Health Institute Inc ($14.9m), Progressive Lifestyles Inc ($14.9m) and Mid Sioux Opportunity Inc ($14.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $387k (5.0% of expenses). Other salaries and wages came to $3.7m. It paid $165k in professional fundraising fees. At year end it held assets of $18.7m against liabilities of $336k, net assets of $18.3m. It reported 115 employees.