The Memorial Foundation

Analysis

The Memorial Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2013, 13 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 December 2023, The Memorial Foundation reported income of $984k and spending of $1.3m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $422k to $984k (+133%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 199%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Memorial Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 54th percentile within DC. Charities of a similar size with the same main cause include Bafb Cold War Museum ($983k), Cabin Creek Center for Work and Environmental Studies Inc ($984k) and Friends of L & N Depot Inc ($983k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $438k. It paid $100k in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $114k, net assets of $922k. It reported 3 employees.