Memphis Board of Realtors Education Foundation Inc

Analysis

Memphis Board of Realtors Education Foundation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Memphis Board of Realtors Education Foundation Inc reported income of $211k and spending of $205k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $237k to $211k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Memphis Board of Realtors Education Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within TN. Charities of a similar size with the same main cause include Trinity Community Development Inc ($211k), Junior Womans Club of Lynchburg Inc ($212k) and Open Gate International ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 95% of the total. At year end it held assets of $1.1m against liabilities of $18k, net assets of $1.0m.