Lorraine Civil Rights Museum Foundation

Analysis

Lorraine Civil Rights Museum Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 1983, 43 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 June 2023, Lorraine Civil Rights Museum Foundation reported income of $22.6m and spending of $12.4m, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $22.6m (+131%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lorraine Civil Rights Museum Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Editorial Projects in Education Inc ($22.6m), Esalen Institute ($22.7m) and Roof Above Inc ($22.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $543k (4.4% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $51.6m against liabilities of $1.1m, net assets of $50.5m. It reported 60 employees.