Junior League of Memphis Inc

Analysis

Junior League of Memphis Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 1943, 83 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Junior League of Memphis Inc reported income of $809k and spending of $1.2m, spending 154% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $628k to $809k (+29%), an average of +8.8% a year. The sharpest change came in the year to May 2022, when income rose by 40%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Junior League of Memphis Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Tempe Community Council Incorporated ($808k), Asbury Community Development Corporation ($809k) and Broad Street Restoration Society Inc ($808k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 45% of the total. Other salaries and wages came to $249k. At year end it held assets of $3.5m against liabilities of $284k, net assets of $3.2m. It reported 6 employees.