Memphis Pride Inc

Analysis

Memphis Pride Inc is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in October 2011, 15 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, Memphis Pride Inc reported income of $198k and spending of $200k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $198k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Memphis Pride Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within TN. Charities of a similar size with the same main cause include Fishing Academy Inc ($198k), Cordova Lancers Leaders & Legends ($198k) and Hartland Youth Lacrosse Inc ($198k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,452 against liabilities of $0, net assets of $5,452.