Memphis Urban League Inc

Analysis

Memphis Urban League Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 1959, 67 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 December 2023, Memphis Urban League Inc reported income of $540k and spending of $727k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $554k to $540k (-2.6%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Memphis Urban League Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Project by Project ($540k), Diocese of Ikot Ekpene Office for the Missions USA ($540k) and Babies Need Bottoms Inc ($540k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 1.6% of the total. Other salaries and wages came to $381k. At year end it held assets of $622k against liabilities of $118k, net assets of $504k. It reported 4 employees.