Memorial Medical Center Inc

Analysis

Memorial Medical Center Inc is a registered charity in United States, based in Las Cruces, NM. It received its IRS tax-exemption ruling in April 1962, 64 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2022, Memorial Medical Center Inc reported income of $379k and spending of $265k, leaving 30% of income unspent that year. Across the 3 years on record, from May 2020 to May 2022, income grew from $211k to $379k (+79%), an average of +34% a year. The sharpest change came in the year to May 2021, when income rose by 43%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Medical Center Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NM. Charities of a similar size with the same main cause include BCS Foundation ($379k), Serenity Outreach Recovery Community Inc ($379k) and Hackensack Volunteer Ambulance Corps Inc ($379k).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 54% and program service revenue 0.2% of the total. At year end it held assets of $562k against liabilities of $2,092, net assets of $560k.