Memphis Brand Office

Analysis

Memphis Brand Office is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 2017, 9 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 December 2023, Memphis Brand Office reported income of $1.7m and spending of $1.3m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.7m (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Memphis Brand Office 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 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Tucson Preparatory School ($1.7m), Boyce L Ansley School Inc ($1.7m) and Summers-Knoll School ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $274k (21% of expenses). Other salaries and wages came to $214k. At year end it held assets of $931k against liabilities of $53k, net assets of $878k. It reported 4 employees.