The Memorial Foundation

Analysis

The Memorial Foundation is a registered charity in United States, based in Yakima, WA. It received its IRS tax-exemption ruling in September 1978, 48 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 December 2023, The Memorial Foundation reported income of $8.3m and spending of $3.4m, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $8.3m (+157%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 50% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Memorial Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Genesee Region Home Care of Ontario County ($8.3m), American Institute of Ultrasound in Medicine ($8.3m) and Southwell Ambulatory Inc ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $226k (6.6% of expenses). Other salaries and wages came to $490k. At year end it held assets of $29.6m against liabilities of $1.1m, net assets of $28.5m.