Megan Lally Memorial Fund Inc

Analysis

Megan Lally Memorial Fund Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 December 2023, Megan Lally Memorial Fund Inc reported income of $56k and spending of $3,482, leaving 94% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $67k to $56k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 4.8% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Megan Lally Memorial Fund Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include Cornerstone for Life ($56k), Virginia Association of Workers for the Blind ($56k) and Exhale an After-Abortion Counseling Talkline ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.