Memphis Teacher Residency Inc

Analysis

Memphis Teacher Residency Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Memphis Teacher Residency Inc reported income of $6.7m and spending of $5.4m, spending 81% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $6.6m to $6.7m (+0.5%), an average of +0.1% a year. The sharpest change came in the year to May 2022, when income rose by 39%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Memphis Teacher Residency Inc sits at the 91st percentile: it is larger than about 91% 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 Creative Inspiration Journey School of St Cloud Inc ($6.7m), Puritan Reformed Theological Seminary ($6.7m) and Aidan Montessori School ($6.7m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 71% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $131k (2.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $17.9m against liabilities of $11.2m, net assets of $6.7m. It reported 33 employees.