Memory Bridge the Foundation for Alzheimers and Cultural Memory

Analysis

Memory Bridge the Foundation for Alzheimers and Cultural Memory is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 April 2024, Memory Bridge the Foundation for Alzheimers and Cultural Memory reported income of $63k and spending of $71k, spending 112% of what it took in. Across the 3 years on record, from April 2022 to April 2024, income grew from $45k to $63k (+40%), an average of +18% a year. The sharpest change came in the year to April 2024, when income rose by 52%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memory Bridge the Foundation for Alzheimers and Cultural Memory sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within IN. Charities of a similar size with the same main cause include Community Healthcare Auxillary ($63k), Cancer Research and Treatment Institute ($63k) and Charlton Park Village Foundation Inc ($63k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 37% and program service revenue 63% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.