Economic Club of Memphis

Analysis

Economic Club of Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 1974, 52 years ago. 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, Economic Club of Memphis reported income of $186k and spending of $154k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $242k to $186k (-23%), an average of -6.4% a year. The sharpest change came in the year to June 2021, when income dropped by 27%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Economic Club of Memphis sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within TN. Charities of a similar size with the same main cause include Northbridge Community Television Inc ($186k), New Jersey Association of County Tax Board Comm & County Tax Adms ($186k) and PTA Colorado Congress ($186k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (26% of expenses). At year end it held assets of $246k against liabilities of $0, net assets of $246k.