CMG Memorial Fund Inc

Analysis

CMG Memorial Fund Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, CMG Memorial Fund Inc reported income of $282k and spending of $61k, leaving 79% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.0m to $282k (-72%), an average of -47% a year. The sharpest change came in the year to December 2023, when income rose by 1810%. Over the whole period it spent 12% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, CMG Memorial Fund Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Malden High School Scholarship Inc ($282k), Oga Foundation ($282k) and American Association of Water Distribution and Management ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.