Memphis Jewish Community Center

Analysis

Memphis Jewish Community Center is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1951, 75 years ago. 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 May 2023, Memphis Jewish Community Center reported income of $8.5m and spending of $9.6m, spending 114% of what it took in. Across the 4 years on record, from December 2019 to May 2023, income grew from $7.9m to $8.5m (+7.7%), an average of +2.5% a year. The sharpest change came in the year to May 2022, when income rose by 436%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memphis Jewish Community Center sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Ecotrust ($8.5m), Tor Project Inc ($8.5m) and East Bay Innovation Academy ($8.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 49% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $673k (7.0% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $33.2m against liabilities of $1.7m, net assets of $31.5m. It reported 258 employees.