Memorial Foundation Inc

Analysis

Memorial Foundation Inc is a registered charity in United States, based in Aurora, NE. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 September 2023, Memorial Foundation Inc reported income of $219k and spending of $94k, leaving 57% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $232k to $219k (-5.8%), an average of -1.5% a year. The sharpest change came in the year to September 2020, when income rose by 190%. Over the whole period it spent 21% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memorial Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within NE. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($219k), Clarion Free Library Association ($219k) and Timothy J Tuomey Trust ($219k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $4.6m against liabilities of $0, net assets of $4.6m.