Memorial Classic Inc

Analysis

Memorial Classic Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Memorial Classic Inc reported income of $164k and spending of $106k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $181k to $164k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2022, when income rose by 530%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Memorial Classic Inc 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 49th percentile, and in the 47th percentile within AZ. Charities of a similar size with the same main cause include National Associaton of Corporate Directors ($164k), Friends of Boulder Community School of Integrated Studies ($164k) and Hillside Christian Academy ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 138% of the total. At year end it held assets of $223k against liabilities of $7,729, net assets of $215k.