YMCA of Memphis & the Mid-South

Analysis

YMCA of Memphis & the Mid-South is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in October 1944, 82 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, YMCA of Memphis & the Mid-South reported income of $49.4m and spending of $47.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $30.0m to $49.4m (+65%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YMCA of Memphis & the Mid-South sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Alliance for Aging Inc ($49.4m), Aizer Health Inc ($49.5m) and Northern Human Services ($49.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $1.6m (3.4% of expenses). Other salaries and wages came to $20.2m. At year end it held assets of $71.9m against liabilities of $34.0m, net assets of $38.0m. It reported 2,818 employees.