Memorial Fund Inc

Analysis

Memorial Fund Inc is a registered charity in United States, based in Denville, NJ. It received its IRS tax-exemption ruling in May 1989, 37 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, Memorial Fund Inc reported income of $224k and spending of $520k, spending 232% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $498k to $224k (-55%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 140%. Over the whole period it spent 145% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memorial Fund Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 63rd percentile within NJ. Charities of a similar size with the same main cause include Presentation Lantern ($224k), Wisconsin Trappers Association Inc ($224k) and Pied Piper Pre-School ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.