Memory Trees Corporation

Analysis

Memory Trees Corporation is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Memory Trees Corporation reported income of $188k and spending of $120k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $228k to $188k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 59% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Memory Trees Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Plymouth Rotary Foundation ($188k), Friends of Lake Keowee Society ($188k) and New York Greengrass Association Inc ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $9,350 (7.8% of expenses). At year end it held assets of $321k against liabilities of $290, net assets of $321k.