Blues City Cultural Center

Analysis

Blues City Cultural Center is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Blues City Cultural Center reported income of $125k and spending of $229k, spending 183% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $95k to $125k (+33%), an average of +9.9% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blues City Cultural Center sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within TN. Charities of a similar size with the same main cause include Preservation Oklahoma Inc ($125k), Confetti Foundation ($125k) and Animal Adoption League of York County ($125k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $60k (26% of expenses). Other salaries and wages came to $24k. At year end it held assets of $121k against liabilities of $116k, net assets of $5,500. It reported 2 employees.