Memphis Leadership Foundation Inc

Analysis

Memphis Leadership Foundation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, Memphis Leadership Foundation Inc reported income of $4.7m and spending of $5.5m, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.6m to $4.7m (-46%), an average of -14% a year. The sharpest change came in the year to September 2023, when income dropped by 38%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Memphis Leadership Foundation Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include John Burton Advocates for Youth ($4.7m), Center of the American Experiment ($4.7m) and Boys & Girls Clubs of North Central Georgia Inc ($4.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $205k (3.8% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $2.3m against liabilities of $998k, net assets of $1.3m. It reported 250 employees.