Memphis Scottish Rite FDN Inc

Analysis

Memphis Scottish Rite FDN Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Scottish Rite FDN Inc reported income of $125k and spending of $189k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $141k to $125k (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 144% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Memphis Scottish Rite FDN Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within TN. Charities of a similar size with the same main cause include Hacheshbone the Budget Inc ($125k), Maison Center ($125k) and Treasure Shop ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $817k against liabilities of $68k, net assets of $749k.