A Memory Grows

Analysis

A Memory Grows is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, A Memory Grows reported income of $125k and spending of $128k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $125k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A Memory Grows sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Caring Network Volunteer Services a New Jersey Non Profit Corp ($125k), Nevadans First ($125k) and Fort Myers Beach Community Foundation Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.