North Memorial Foundation

Analysis

North Memorial Foundation is a registered charity in United States, based in Robbinsdale, MN. It received its IRS tax-exemption ruling in May 1994, 32 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 December 2023, North Memorial Foundation reported income of $1.8m and spending of $1.2m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.8m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income dropped by 26%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Memorial Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Icut Foundation ($1.8m), International F O P Association Inc ($1.8m) and Association of Birth Defect Children Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $13.0m against liabilities of $9,625, net assets of $13.0m.