Womens Foundation for a Greater Memphis

Analysis

Womens Foundation for a Greater Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Womens Foundation for a Greater Memphis reported income of $3.6m and spending of $3.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.6m (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 90%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Womens Foundation for a Greater Memphis sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Nova Scriptscentral Inc ($3.6m), Centro de Adultos Y Ninos Con Impedimentos Inc ($3.6m) and Community Connections Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $326k (9.5% of expenses). Other salaries and wages came to $536k. At year end it held assets of $9.0m against liabilities of $1.7m, net assets of $7.3m. It reported 12 employees.