New Memphis Institute

Analysis

New Memphis Institute is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 1986, 40 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, New Memphis Institute reported income of $3.4m and spending of $2.7m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.4m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 93% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, New Memphis Institute sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Summit Legal Aid ($3.4m), Public Interest Legal Foundation Inc ($3.4m) and Northwestern Legal Services Fka Legal Services for North Western P ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $379k (14% of expenses). Other salaries and wages came to $985k. At year end it held assets of $6.0m against liabilities of $1.6m, net assets of $4.4m. It reported 19 employees.