Memorial Elder Health Services

Analysis

Memorial Elder Health Services is a registered charity in United States, based in North Conway, NH. It received its IRS tax-exemption ruling in January 2020, 6 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 September 2023, Memorial Elder Health Services reported income of $4.4m and spending of $5.2m, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.8m to $4.4m (+57%), an average of +12% a year. The sharpest change came in the year to September 2020, when income rose by 57%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Memorial Elder Health Services sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within NH. Charities of a similar size with the same main cause include Unleashing Potential ($4.4m), Focus North America ($4.4m) and Gibault Care Inc ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $1.2m against liabilities of $1.1m, net assets of $111k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.