Memory Cafe of the Red River Valley

Analysis

Memory Cafe of the Red River Valley is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Memory Cafe of the Red River Valley reported income of $342k and spending of $196k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $292k to $342k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 46% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Memory Cafe of the Red River Valley sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 59th percentile within ND. Charities of a similar size with the same main cause include Arts Sports and Technology Resource Organization ($342k), Love Inc of the Cedar Valley ($342k) and Coffee County Childrens Advocacy Center ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $49k (25% of expenses). Other salaries and wages came to $40k. At year end it held assets of $432k against liabilities of $2,510, net assets of $429k. It reported 2 employees.