Memphis Bears Inc

Analysis

Memphis Bears Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Bears Inc reported income of $193k and spending of $129k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $215k to $193k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Memphis Bears Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within TN. Charities of a similar size with the same main cause include Chicago Masters Swim Club ($193k), Baseball Softball-101 Inc ($194k) and Real Henderson FC ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $8,140 (6.3% of expenses). Other salaries and wages came to $35k. At year end it held assets of $168k against liabilities of $42k, net assets of $126k. It reported 5 employees.