Second Presbyterian Church Realty Foundation Inc

Analysis

Second Presbyterian Church Realty Foundation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Second Presbyterian Church Realty Foundation Inc reported income of $147k and spending of $512k, spending 348% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $55 to $147k (+267651%), an average of +385% a year. The sharpest change came in the year to June 2021, when income rose by 320423%. Over the whole period it spent 190% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Second Presbyterian Church Realty Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within TN. Charities of a similar size with the same main cause include James Royce Riggin ($147k), Holy Ground Church ($147k) and Joined to Hashem ($147k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% of the total. At year end it held assets of $139k against liabilities of $672, net assets of $138k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.