Room in the Inn - Memphis

Analysis

Room in the Inn - Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Room in the Inn - Memphis reported income of $1.4m and spending of $1.6m, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $283k to $1.4m (+389%), an average of +49% a year. The sharpest change came in the year to June 2021, when income rose by 279%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Room in the Inn - Memphis sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include CSHF of Georgia Inc ($1.4m), Renaissance of Hope Inc ($1.4m) and Allen Temple Development Corpora Tion ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $92k (5.8% of expenses). Other salaries and wages came to $821k. At year end it held assets of $2.0m against liabilities of $1.3m, net assets of $698k. It reported 43 employees.