Memton Fund Inc
Memton Fund Inc. maintains over $11 million in assets with no officer compensation reported.
EIN: 136096608 · Wilmington, DE · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $718K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $11.0M |
| Transparency Score | 75/100 |
Is Memton Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memton Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memton Fund Inc
Memton Fund Inc (EIN: 136096608) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $3.9M and total assets of $11.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memton Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memton Fund Inc is a mid-size nonprofit that has been operating for 88 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $718K |
| Surplus / Deficit | +$629K |
| Total Assets | $11.0M |
| Total Liabilities | $1 |
| Net Assets | $11.0M |
| Operating Margin | 46.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 183.9 months |
Financial Health Grade: A
In 2023, Memton Fund Inc reported a surplus of $629K with revenue exceeding expenses, holds 183.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Memton Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +197.2% | -16.8% | +6.1% |
| 2022 | -49.8% | +18.9% | -3.8% |
| 2021 | -12.0% | -0.1% | +1.7% |
| 2020 | +109.5% | +10.1% | +2.9% |
| 2019 | -19.2% | -8.6% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 1938 |
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 Memton Fund Inc with a Mission Score of 75 out of 100 (Good). 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, Memton Fund 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 $629K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all ten available IRS 990 filings, which is unusual for an organization managing over $11 million in assets. This could indicate a volunteer board or that compensation is paid by a related entity, warranting further inquiry.
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 Memton Fund Inc's IRS 990 filings:
- No officer compensation reported despite significant assets, which could indicate compensation through an affiliated entity or a fully volunteer board, requiring further clarification for transparency.
- NTEE code is unknown, hindering direct comparison to peer organizations.
Strengths
The following positive indicators were identified for Memton Fund Inc:
- Strong and growing asset base, consistently over $9 million and reaching $11,365,340.
- Minimal liabilities ($0 or $1) across all periods, indicating excellent financial stability.
- Consistent operational expenses, suggesting predictable management of resources.
- Positive net assets growth over the long term, demonstrating effective financial stewardship.
Frequently Asked Questions about Memton Fund Inc
Is Memton Fund Inc a legitimate charity?
Memton Fund Inc (EIN: 136096608) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.9M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Memton Fund Inc spend its money?
Memton Fund Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Memton Fund Inc tax-deductible?
Memton Fund Inc is registered as a tax-exempt nonprofit (EIN: 136096608). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Memton Fund Inc CEO make?
Memton Fund Inc's highest-compensated officer earns $11 annually. The organization reported $3.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Memton Fund Inc's spending goes to programs?
Memton Fund Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Memton Fund Inc located?
Memton Fund Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 136096608.
How many years of IRS 990 filings does Memton Fund Inc have?
Memton Fund Inc has 10 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 $3.9M in total revenue.
What are the specific program activities or grants made by Memton Fund Inc.?
The provided data does not detail specific program activities or grant recipients, which would be found in the full IRS 990 filing, specifically Schedule I.
How does Memton Fund Inc. manage its investments to generate revenue?
The fluctuating revenue suggests investment income plays a significant role, but the specific investment strategies are not detailed in this summary data and would require reviewing the full 990.
Who are the officers and directors, and how are they compensated if not directly by Memton Fund Inc.?
The summary data indicates 0% officer compensation. The full 990 would list officers and directors, but their compensation source, if not from the fund, would require further investigation.
What is the NTEE code for Memton Fund Inc.?
The NTEE code is listed as 'Unknown' in the provided data, which makes it difficult to benchmark against similar organizations.
Filing History
IRS 990 filing history for Memton Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Memton Fund Inc's revenue has grown by 81.7%, moving from $741K to $1.3M. Total assets increased by 11.1% over the same period, from $9.9M to $11.0M. Total functional expenses rose by 38.9%, from $517K to $718K. In its most recent filing year (2023), Memton Fund Inc reported a surplus of $629K, with revenue exceeding expenses. The organization holds $1 in liabilities against $11.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $718K | $11.0M | $1 | — | — |
| 2022 | $453K | $863K | $10.4M | $1 | — | View 990 |
| 2021 | $902K | $726K | $10.8M | $1 | — | View 990 |
| 2020 | $1.0M | $727K | $10.6M | $1 | — | View 990 |
| 2019 | $489K | $660K | $10.3M | $0 | — | View 990 |
| 2015 | $606K | $723K | $10.0M | $1 | — | View 990 |
| 2014 | $1.1M | $775K | $10.1M | $0 | — | View 990 |
| 2013 | $440K | $673K | $9.8M | $0 | — | View 990 |
| 2012 | $656K | $545K | $10.0M | $0 | — | View 990 |
| 2011 | $741K | $517K | $9.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $718K, and assets of $11.0M (revenue +197.2% year-over-year).
- 2022: Revenue of $453K, expenses of $863K, and assets of $10.4M (revenue -49.8% year-over-year).
- 2021: Revenue of $902K, expenses of $726K, and assets of $10.8M (revenue -12.0% year-over-year).
- 2020: Revenue of $1.0M, expenses of $727K, and assets of $10.6M (revenue +109.5% year-over-year).
- 2019: Revenue of $489K, expenses of $660K, and assets of $10.3M (revenue -19.2% year-over-year).
- 2015: Revenue of $606K, expenses of $723K, and assets of $10.0M (revenue -42.5% year-over-year).
- 2014: Revenue of $1.1M, expenses of $775K, and assets of $10.1M (revenue +139.8% year-over-year).
- 2013: Revenue of $440K, expenses of $673K, and assets of $9.8M (revenue -33.0% year-over-year).
- 2012: Revenue of $656K, expenses of $545K, and assets of $10.0M (revenue -11.5% year-over-year).
- 2011: Revenue of $741K, expenses of $517K, and assets of $9.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memton Fund Inc:
Data Sources and Methodology
This transparency report for Memton Fund 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.