Quick charity verification for Memorys Garden Inc (EIN: 140880795)
Verdict: Memorys Garden Inc appears trustworthy
85/100Mission Score
$5.3MRevenue
$15.8MAssets
1Red Flags
5Strengths
Red Flags
NTEE Code is unknown, which limits understanding of specific programmatic focus and peer comparison.
Strengths
Consistent and significant financial surpluses, with revenue consistently exceeding expenses (e.g., $2,863,878 revenue vs. $1,178,192 expenses in 2023).
Strong asset growth, more than doubling from $6,078,669 in 2014 to $14,254,150 in 2023.
No reported officer compensation across all filings, indicating high efficiency in leadership costs.
Low liabilities relative to assets, with a healthy liability-to-asset ratio (e.g., ~16% in 2023).
Consistent revenue growth over the past decade.
Spending Breakdown
How Memorys Garden Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Memorys Garden Inc
Is Memorys Garden Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Memorys Garden Inc (EIN: 140880795) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Memorys Garden Inc a good charity to donate to?
Memorys Garden Inc has a Mission Score of 85/100. Revenue: $5.3M. Assets: $15.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Memorys Garden Inc?
The Employer Identification Number (EIN) for Memorys Garden Inc is 140880795. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Memorys Garden Inc spend its money?
Memorys Garden Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Memorys Garden Inc's tax-exempt status?
You can verify Memorys Garden Inc's tax-exempt status using EIN 140880795 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Memorys Garden Inc demonstrates strong financial health and appears to be efficiently managed, consistently operating with a surplus. In the latest filing (202312), the organization reported revenue of $2,863,878 against expenses of $1,178,192, indicating a significant surplus that contributes to its growing asset base. Over the past decade, assets have grown substantially from $6,078,669 in 2014 to $14,254,150 in 2023, suggesting prudent financial management and investment. The organization's liabilities are also well-managed relative to its assets, with a liability-to-asset ratio of approximately 16% in 2023 ($2,282,546 / $14,254,150).
The consistent growth in revenue and assets, coupled with expenses that are significantly lower than revenue, points to a financially stable and well-capitalized organization. The absence of reported officer compensation across all available filings suggests a volunteer-led or very lean executive structure, which can contribute to lower administrative costs and higher program efficiency. However, without a detailed breakdown of expenses (program, administrative, fundraising), a precise assessment of spending efficiency is limited. The organization's transparency regarding executive compensation is excellent, as none is reported.