Indie Memphis

Analysis

Indie Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Indie Memphis reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $848k to $1.1m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2022, when income rose by 164%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indie 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 80th percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Rockwall Community Playhouse ($1.1m), Facets Film Forum ($1.1m) and Elsie Publishing Institute ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $411k. At year end it held assets of $418k against liabilities of $20k, net assets of $398k. It reported 6 employees.