Memorial Health System Foundation

Analysis

Memorial Health System Foundation is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in March 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Memorial Health System Foundation reported income of $1.7m and spending of $1.3m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.7m (-1.5%), an average of -0.4% a year. The sharpest change came in the year to June 2020, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Health System Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Youth Forward ($1.7m), Riverbend Head Start & Family Services Inc ($1.7m) and Sharing Network Foundation Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $183k (14% of expenses). Other salaries and wages came to $235k. At year end it held assets of $4.4m against liabilities of $339k, net assets of $4.1m. It reported 4 employees.