Memphis Black Arts Alliance Inc

Analysis

Memphis Black Arts Alliance Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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, Memphis Black Arts Alliance Inc reported income of $210k and spending of $271k, spending 129% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $186k to $210k (+13%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 806%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memphis Black Arts Alliance Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within TN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($210k), Pregnancy Center Inc ($210k) and Operative Dentistry Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $62k (23% of expenses). Other salaries and wages came to $72k. At year end it held assets of $95k against liabilities of $51k, net assets of $44k. It reported 4 employees.