Semmes-Murphey Foundation

Analysis

Semmes-Murphey Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2010, 16 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, Semmes-Murphey Foundation reported income of $1.9m and spending of $2.5m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.9m (+7.9%), an average of +1.9% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Semmes-Murphey Foundation sits at the 82nd percentile: it is larger than about 82% 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 The George Mason University Instructional Foundation Inc ($1.9m), Brooklyn Jesuit Prep ($1.9m) and Ridgewater College Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $183k (7.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $955k against liabilities of $203k, net assets of $752k. It reported 32 employees.