Memphis Grizzlies Preparatory Charter School Inc

Analysis

Memphis Grizzlies Preparatory Charter School Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Memphis Grizzlies Preparatory Charter School Inc reported income of $5.1m and spending of $5.1m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.4m to $5.1m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Memphis Grizzlies Preparatory Charter School Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include International Spanish Language Academy ($5.1m), Axl Charter School ($5.1m) and Ubah Medical Academy ($5.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $188k (3.7% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $2.9m against liabilities of $287k, net assets of $2.6m. It reported 58 employees.