Memorial Day Foundation

Analysis

Memorial Day Foundation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 January 2024, Memorial Day Foundation reported income of $141k and spending of $161k, spending 114% of what it took in. Across the 2 years on record, from January 2023 to January 2024, income grew from $125k to $141k (+13%), an average of +13% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memorial Day Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Princeton Pantry ($141k), Little League Baseball Inc ($141k) and Neros Lehoir ($141k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.