The Memory Project Inc
The Memory Project Inc shows consistent revenue growth and zero officer compensation over a decade.
EIN: 201802885 · Middleton, WI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $508K |
| Total Expenses | $297K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $300,000. |
| Net Assets | $574K |
| Transparency Score | 92/100 |
Is The Memory Project Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Memory Project Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Memory Project Inc
The Memory Project Inc (EIN: 201802885) is a nonprofit organization based in Middleton, WI. The organization reported total revenue of $508K and total assets of $791K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Memory Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Memory Project Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $372K |
| Total Expenses | $297K |
| Surplus / Deficit | +$75K |
| Total Assets | $713K |
| Total Liabilities | $138K |
| Net Assets | $574K |
| Operating Margin | 20.1% |
| Debt-to-Asset Ratio | 19.4% |
| Months of Reserves | 28.8 months |
Financial Health Grade: A
In 2023, The Memory Project Inc reported a surplus of $75K with revenue exceeding expenses, holds 28.8 months of operating reserves (strong position), has a debt-to-asset ratio of 19.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Memory Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.4% | +3.3% | +10.3% |
| 2022 | -15.9% | -8.3% | +15.5% |
| 2021 | +64.9% | +92.0% | +103.8% |
| 2020 | -28.3% | -54.5% | +65.5% |
| 2019 | +9.4% | +23.1% | +13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 The Memory Project Inc with a Mission Score of 92 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Memory Project Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $75K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.4%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all 13 available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with annual revenues exceeding $300,000.
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 The Memory Project Inc's IRS 990 filings:
- NTEE Code is unknown, which can sometimes make it harder to categorize and compare the organization's mission and activities with peers.
Strengths
The following positive indicators were identified for The Memory Project Inc:
- Consistent revenue growth, from $175,836 in 2014 to $372,196 in 2023, demonstrating financial sustainability.
- Significant asset growth, from $59,442 in 2014 to $712,678 in 2023, indicating strong financial management.
- Zero officer compensation reported across all 13 filings, highlighting a strong commitment to program spending and transparency.
- Expenses consistently below revenue in most recent years (e.g., $297,250 expenses vs. $372,196 revenue in 2023), leading to healthy surpluses.
- Long filing history (13 filings) provides extensive data for financial analysis and demonstrates consistent compliance.
Frequently Asked Questions about The Memory Project Inc
Is The Memory Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Memory Project Inc (EIN: 201802885) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does The Memory Project Inc spend its money?
The Memory Project Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Memory Project Inc tax-deductible?
The Memory Project Inc is registered as a tax-exempt nonprofit (EIN: 201802885). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Memory Project Inc CEO make?
The Memory Project Inc's highest-compensated officer earns $300,000. annually. The organization reported $508K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Memory Project Inc's spending goes to programs?
The Memory Project Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Memory Project Inc located?
The Memory Project Inc is headquartered in Middleton, Wisconsin and files with the IRS under EIN 201802885.
How many years of IRS 990 filings does The Memory Project Inc have?
The Memory Project 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 $508K in total revenue.
Is The Memory Project Inc a good charity?
Based on the provided financial data, The Memory Project Inc appears to be a very good charity. It demonstrates strong financial health, consistent revenue and asset growth, and a remarkable commitment to directing funds towards its mission by reporting 0% officer compensation across all filings.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has grown from $175,836 in 2014 to $372,196 in 2023, and assets have increased substantially from $59,442 in 2014 to $712,678 in 2023, indicating strong financial management and growth.
What is the trend in the organization's liabilities?
Liabilities have fluctuated but generally increased in recent years, from $0 in 2014-2020 to $149,900 in 2021, $146,710 in 2022, and $138,437 in 2023. While present, they remain a manageable portion of the organization's growing assets.
Filing History
IRS 990 filing history for The Memory Project Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Memory Project Inc's revenue has grown by 204.2%, moving from $122K to $372K. Total assets increased by 2428.2% over the same period, from $28K to $713K. Total functional expenses rose by 141.2%, from $123K to $297K. In its most recent filing year (2023), The Memory Project Inc reported a surplus of $75K, with revenue exceeding expenses. The organization holds $138K in liabilities against $713K in assets (debt-to-asset ratio: 19.4%), resulting in net assets of $574K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $372K | $297K | $713K | $138K | — | View 990 |
| 2022 | $378K | $288K | $646K | $147K | — | View 990 |
| 2021 | $449K | $314K | $559K | $150K | — | View 990 |
| 2020 | $272K | $163K | $275K | $0 | — | View 990 |
| 2019 | $379K | $359K | $166K | $0 | — | View 990 |
| 2018 | $347K | $292K | $146K | $0 | — | View 990 |
| 2017 | $255K | $257K | $91K | $0 | — | View 990 |
| 2016 | $258K | $219K | $92K | $0 | — | View 990 |
| 2015 | $167K | $173K | $53K | $0 | — | View 990 |
| 2014 | $176K | $152K | $59K | $0 | — | View 990 |
| 2013 | $164K | $166K | $37K | $0 | — | View 990 |
| 2012 | $174K | $159K | $40K | $0 | — | View 990 |
| 2011 | $122K | $123K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $372K, expenses of $297K, and assets of $713K (revenue -1.4% year-over-year).
- 2022: Revenue of $378K, expenses of $288K, and assets of $646K (revenue -15.9% year-over-year).
- 2021: Revenue of $449K, expenses of $314K, and assets of $559K (revenue +64.9% year-over-year).
- 2020: Revenue of $272K, expenses of $163K, and assets of $275K (revenue -28.3% year-over-year).
- 2019: Revenue of $379K, expenses of $359K, and assets of $166K (revenue +9.4% year-over-year).
- 2018: Revenue of $347K, expenses of $292K, and assets of $146K (revenue +35.9% year-over-year).
- 2017: Revenue of $255K, expenses of $257K, and assets of $91K (revenue -1.2% year-over-year).
- 2016: Revenue of $258K, expenses of $219K, and assets of $92K (revenue +54.7% year-over-year).
- 2015: Revenue of $167K, expenses of $173K, and assets of $53K (revenue -5.1% year-over-year).
- 2014: Revenue of $176K, expenses of $152K, and assets of $59K (revenue +7.2% year-over-year).
- 2013: Revenue of $164K, expenses of $166K, and assets of $37K (revenue -5.6% year-over-year).
- 2012: Revenue of $174K, expenses of $159K, and assets of $40K (revenue +42.0% year-over-year).
- 2011: Revenue of $122K, expenses of $123K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Memory Project Inc:
Data Sources and Methodology
This transparency report for The Memory Project 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.