Memorial Foundation Inc

Analysis

Memorial Foundation Inc is a registered charity in United States, based in Belleville, IL. It received its IRS tax-exemption ruling in September 1987, 39 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 Foundation Inc reported income of $5.1m and spending of $3.1m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.0m to $5.1m (-36%), an average of -10% a year. The sharpest change came in the year to December 2023, when income rose by 794%. Over the whole period it spent 114% 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 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Calvin Christian School ($5.1m), Rochester Childfirst Network ($5.1m) and Boc Capital Corp ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% of the total. At year end it held assets of $128.5m against liabilities of $5.7m, net assets of $122.8m.