Scripture Memory Fellowship International

Analysis

Scripture Memory Fellowship International is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in January 1978, 48 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 October 2023, Scripture Memory Fellowship International reported income of $507k and spending of $549k, spending 108% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $542k to $507k (-6.5%), an average of -1.7% a year. The sharpest change came in the year to October 2020, when income dropped by 35%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Scripture Memory Fellowship International sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Overseas Radio & Television Inc ($507k), Noble Maritime Collection ($507k) and Al-Bustan Seeds of Culture ($507k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 91% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $74k (14% of expenses). Other salaries and wages came to $211k. At year end it held assets of $447k against liabilities of $7,711, net assets of $439k. It reported 7 employees.