Collegiate School of Memphis

Analysis

Collegiate School of Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Collegiate School of Memphis reported income of $4.0m and spending of $5.3m, spending 134% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.8m to $4.0m (-17%), an average of -6.1% a year. The sharpest change came in the year to June 2023, when income dropped by 45%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Collegiate School of Memphis sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Jefferson County Child Development Council Inc ($4.0m), Childrens Developmental Center ($4.0m) and Fontana Regional Library ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $216k (4.1% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $7.7m against liabilities of $7.6m, net assets of $68k. It reported 64 employees.