Memphis Botanic Garden Foundation Inc

Analysis

Memphis Botanic Garden Foundation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 1972, 54 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Memphis Botanic Garden Foundation Inc reported income of $6.8m and spending of $6.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $6.8m (+66%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 100%. Over the whole period it spent 77% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Memphis Botanic Garden Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Environmental Law Institute Inc ($6.8m), Ocean Risk and Resilience Action Alliance Inc ($6.8m) and Center for Coastal Studies Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $356k (5.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $17.3m against liabilities of $3.2m, net assets of $14.1m. It reported 64 employees.