Memorial Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,991,804 | 1,541,622 | 450,182 | 63.1 | 31% |
| 2013 | 2,180,063 | 1,678,980 | 501,083 | 64.9 | 26% |
| 2014 | 3,005,374 | 1,487,443 | 1,517,931 | 86.2 | 0% |
| 2015 | 2,013,360 | 452,642 | 1,560,718 | 328.0 | 0% |
| 2016 | 2,287,938 | 1,297,303 | 990,635 | 132.3 | 0% |
| 2017 | 5,648,004 | 461,936 | 5,186,068 | 544.5 | 0% |
| 2018 | 1,925,097 | 1,151,846 | 773,251 | 214.6 | 0% |
| 2019 | 2,349,204 | 4,168,936 | −1,819,732 | 63.3 | 0% |
| 2020 | 3,708,262 | 4,015,106 | −306,844 | 75.7 | 0% |
| 2021 | 5,100,992 | 2,379,559 | 2,721,433 | 156.8 | 0% |
| 2022 | 3,530,901 | 2,359,861 | 1,171,040 | 164.9 | 0% |
| 2023 | 5,323,921 | 8,281,349 | −2,957,428 | 53.3 | 0% |
In its most recent public year (2023), this organization spent $2,957,428 more than it brought in. Its reserves stood at about 53.3 months of spending, down from 63.1 in 2012. Staff pay was 0% of spending. $23,686,606 of its net assets are donor-restricted.
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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