Memorys Garden Inc
Memorys Garden Inc consistently generates significant surpluses, growing assets to over $14 million with no reported officer compensation.
EIN: 140880795 · Albany, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| Net Assets | $12.0M |
| Transparency Score | 85/100 |
Is Memorys Garden Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memorys Garden Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memorys Garden Inc
Memorys Garden Inc (EIN: 140880795) is a nonprofit organization based in Albany, NY. The organization reported total revenue of $5.3M and total assets of $15.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memorys Garden Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memorys Garden Inc is a mid-size nonprofit that has been operating for 66 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$1.7M |
| Total Assets | $14.3M |
| Total Liabilities | $2.3M |
| Net Assets | $12.0M |
| Operating Margin | 58.9% |
| Debt-to-Asset Ratio | 16.0% |
| Months of Reserves | 145.2 months |
Financial Health Grade: A
In 2023, Memorys Garden Inc reported a surplus of $1.7M with revenue exceeding expenses, holds 145.2 months of operating reserves (strong position), has a debt-to-asset ratio of 16.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Memorys Garden Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +48.3% | -1.0% | +18.5% |
| 2022 | +8.5% | +10.7% | -1.9% |
| 2021 | +31.5% | -6.6% | +21.4% |
| 2020 | -5.6% | +-0.0% | +8.6% |
| 2019 | +3.2% | +11.3% | +19.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1960 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Memorys Garden Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Memorys Garden Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.0%.
Executive Compensation Analysis
Memorys Garden Inc reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure or that compensation falls below reporting thresholds, which is highly favorable for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Memorys Garden Inc's IRS 990 filings:
- NTEE Code is unknown, which limits understanding of specific programmatic focus and peer comparison.
Strengths
The following positive indicators were identified for Memorys Garden Inc:
- 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.
Frequently Asked Questions about Memorys Garden Inc
Is Memorys Garden Inc a legitimate charity?
Memorys Garden Inc (EIN: 140880795) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.3M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Memorys Garden Inc spend its money?
Memorys Garden Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Memorys Garden Inc tax-deductible?
Memorys Garden Inc is registered as a tax-exempt nonprofit (EIN: 140880795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Memorys Garden Inc's spending goes to programs?
Memorys Garden Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Memorys Garden Inc located?
Memorys Garden Inc is headquartered in Albany, New York and files with the IRS under EIN 140880795.
How many years of IRS 990 filings does Memorys Garden Inc have?
Memorys Garden Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.3M in total revenue.
Is Memorys Garden Inc a good charity?
Based on the available financial data, Memorys Garden Inc appears to be a very good charity. It consistently generates significant surpluses, has a rapidly growing asset base (from $6M in 2014 to $14M in 2023), and reports no officer compensation, suggesting efficient use of funds and strong financial stewardship.
How has Memorys Garden Inc's financial health changed over time?
Memorys Garden Inc's financial health has significantly improved over time. Revenue has grown from $1,151,553 in 2014 to $2,863,878 in 2023, and assets have more than doubled from $6,078,669 to $14,254,150 in the same period, demonstrating robust and consistent growth.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, indicating that its leadership is either entirely volunteer-based or compensated at levels below the reporting threshold, which is a strong positive for donor confidence and resource allocation.
Filing History
IRS 990 filing history for Memorys Garden Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Memorys Garden Inc's revenue has grown by 157.1%, moving from $1.1M to $2.9M. Total assets increased by 188.1% over the same period, from $4.9M to $14.3M. Total functional expenses rose by 43.5%, from $821K to $1.2M. In its most recent filing year (2023), Memorys Garden Inc reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $2.3M in liabilities against $14.3M in assets (debt-to-asset ratio: 16.0%), resulting in net assets of $12.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $1.2M | $14.3M | $2.3M | — | View 990 |
| 2022 | $1.9M | $1.2M | $12.0M | $2.1M | — | View 990 |
| 2021 | $1.8M | $1.1M | $12.3M | $1.8M | — | — |
| 2020 | $1.4M | $1.2M | $10.1M | $1.6M | — | — |
| 2019 | $1.4M | $1.2M | $9.3M | $1.6M | — | View 990 |
| 2018 | $1.4M | $1.0M | $7.8M | $1.4M | — | View 990 |
| 2017 | $1.3M | $1.0M | $7.7M | $1.3M | — | View 990 |
| 2016 | $1.3M | $977K | $7.0M | $1.2M | — | View 990 |
| 2015 | $1.5M | $924K | $6.3M | $1.1M | — | View 990 |
| 2014 | $1.2M | $872K | $6.1M | $1.1M | — | View 990 |
| 2013 | $1.0M | $870K | $5.8M | $1.0M | — | View 990 |
| 2012 | $1.3M | $868K | $5.4M | $948K | — | View 990 |
| 2011 | $1.1M | $821K | $4.9M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $1.2M, and assets of $14.3M (revenue +48.3% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.2M, and assets of $12.0M (revenue +8.5% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.1M, and assets of $12.3M (revenue +31.5% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.2M, and assets of $10.1M (revenue -5.6% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.2M, and assets of $9.3M (revenue +3.2% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.0M, and assets of $7.8M (revenue +9.2% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.0M, and assets of $7.7M (revenue +0.0% year-over-year).
- 2016: Revenue of $1.3M, expenses of $977K, and assets of $7.0M (revenue -16.0% year-over-year).
- 2015: Revenue of $1.5M, expenses of $924K, and assets of $6.3M (revenue +31.5% year-over-year).
- 2014: Revenue of $1.2M, expenses of $872K, and assets of $6.1M (revenue +9.7% year-over-year).
- 2013: Revenue of $1.0M, expenses of $870K, and assets of $5.8M (revenue -17.8% year-over-year).
- 2012: Revenue of $1.3M, expenses of $868K, and assets of $5.4M (revenue +14.6% year-over-year).
- 2011: Revenue of $1.1M, expenses of $821K, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memorys Garden Inc:
Data Sources and Methodology
This transparency report for Memorys Garden Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.