The Memorial Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 350,000 | 278,933 | 71,067 | 3.1 | 29% |
| 2013 | 326,102 | 570,250 | −244,148 | -3.6 | 40% |
| 2014 | 465,878 | 847,364 | −381,486 | -8.3 | 48% |
| 2015 | 622,400 | 981,640 | −359,240 | -10.1 | 38% |
| 2016 | 521,570 | 848,607 | −327,037 | -13.2 | 46% |
| 2017 | 361,140 | 639,321 | −278,181 | -26.6 | 57% |
| 2018 | 291,448 | 653,097 | −361,649 | -30.3 | 60% |
| 2019 | 422,365 | 691,827 | −269,462 | -4.7 | 55% |
| 2020 | 1,264,620 | 812,018 | 452,602 | -3.7 | 54% |
| 2021 | 3,723,853 | 2,403,739 | 1,320,114 | 5.3 | 19% |
| 2022 | 1,794,317 | 1,585,103 | 209,214 | 9.7 | 38% |
| 2023 | 983,780 | 1,338,764 | −354,984 | 8.3 | 33% |
In its most recent public year (2023), this organization spent $354,984 more than it brought in. Its reserves stood at about 8.3 months of spending, up from 3.1 in 2012. Staff pay was 33% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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