Memorial Educational Foundation

Analysis

Memorial Educational Foundation is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Memorial Educational Foundation reported income of $82k and spending of $1.0m, spending 1270% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.0m to $82k (-92%), an average of -72% a year. The sharpest change came in the year to December 2023, when income rose by 1474%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Memorial Educational Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include C Milton Wright Music Parent Organization ($82k), Collins Intermediate School Parent Teacher Organization ($82k) and South Forsyth HS Lacrosse Booster Club Inc ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.