Memnosyne Institute

Analysis

Memnosyne Institute is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Memnosyne Institute reported income of $694k and spending of $626k, spending 90% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $3.6m to $694k (-81%), an average of -28% a year. The sharpest change came in the year to December 2019, when income dropped by 84%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Memnosyne Institute sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Providence Community School Inc ($694k), Necp Abc ($694k) and Presence Ambulatory Services ($694k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $130k (21% of expenses). Other salaries and wages came to $92k. At year end it held assets of $143k against liabilities of $46k, net assets of $97k. It reported 4 employees.