Memorial Day Nursery

Analysis

Memorial Day Nursery is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in June 1943, 83 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Memorial Day Nursery reported income of $6.3m and spending of $5.5m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $6.3m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Memorial Day Nursery sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Disability Resource Association Inc ($6.3m), Mahoning County Agricultural Society ($6.3m) and Eastern Carolina Human Services Agency Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $150k (2.7% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $3.7m against liabilities of $1.7m, net assets of $2.0m. It reported 56 employees.