Consortium MMT

Analysis

Consortium MMT is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 2014, 12 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, Consortium MMT reported income of $82k and spending of $152k, spending 186% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $75k to $82k (+9.6%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 544%. Over the whole period it spent 295% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Consortium MMT sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within TN. Charities of a similar size with the same main cause include Wichita Falls Vocal Arts Guild ($82k), Pier Into the Future ($82k) and Independent Filmworks Inc ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $42k. At year end it held assets of $522k against liabilities of $431, net assets of $522k. It reported 1 employees.

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.