Ucan of Memphis

Analysis

Ucan of Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ucan of Memphis reported income of $111k and spending of $90k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $112k to $111k (-0.6%), an average of -0.6% a year. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ucan of Memphis sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within TN. Charities of a similar size with the same main cause include Course for Change Okc Inc ($111k), Tusonge Children S Ministries Inc ($111k) and Smithville Warriors Youth Football ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $38k against liabilities of $336, net assets of $38k.