Merge Memphis Inc

Analysis

Merge Memphis Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Merge Memphis Inc reported income of $430k and spending of $161k, leaving 62% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $118k to $430k (+263%), an average of +54% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Merge Memphis Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include Second Chances of Union County ($430k), Healthy Ninos Honduras Inc ($430k) and Reclaim Childhood Inc ($430k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $50k (31% of expenses). Other salaries and wages came to $35k. At year end it held assets of $418k against liabilities of $21k, net assets of $397k. It reported 2 employees.