University of Memphis Researchfoundation

Analysis

University of Memphis Researchfoundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Memphis Researchfoundation reported income of $2.1m and spending of $1.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $414k to $2.1m (+406%), an average of +50% a year. The sharpest change came in the year to June 2020, when income rose by 200%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Memphis Researchfoundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Wisconsin Technical College System Foundation Inc ($2.1m), Chapel Hill Cooperative Preschool ($2.1m) and Richmond Hebrew Day School ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 7.0% of the total. At year end it held assets of $4.8m against liabilities of $1.2m, net assets of $3.6m.