Creative Aging Memphis

Analysis

Creative Aging Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 2004, 22 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, Creative Aging Memphis reported income of $673k and spending of $576k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $315k to $673k (+113%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Creative Aging Memphis sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include Manhattan Arts Center Inc ($673k), Demuth Foundation ($674k) and Manchester Music Festival Inc ($673k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $102k (18% of expenses). Other salaries and wages came to $100k. At year end it held assets of $603k against liabilities of $9,175, net assets of $593k. It reported 4 employees.