The Memory Project Inc

Analysis

The Memory Project Inc is a registered charity in United States, based in Middleton, WI. It received its IRS tax-exemption ruling in March 2005, 21 years ago. 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 Memory Project Inc reported income of $372k and spending of $297k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $379k to $372k (-1.9%), an average of -0.5% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Memory Project Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within WI. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($372k), Hope Mission of Coastal Carolina Inc ($372k) and I Can Still Shine Program ($372k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $86k (29% of expenses). Other salaries and wages came to $10k. At year end it held assets of $713k against liabilities of $138k, net assets of $574k. It reported 2 employees.