Girls Incorporated of Memphis

Analysis

Girls Incorporated of Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 1964, 62 years ago. 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 July 2024, Girls Incorporated of Memphis reported income of $1.9m and spending of $2.5m, spending 131% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income grew from $1.7m to $1.9m (+11%), an average of +2.6% a year. The sharpest change came in the year to July 2021, when income rose by 149%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Girls Incorporated of Memphis sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.9m), S W Pitts Hose Company of Latham Ny Inc ($1.9m) and Family Service Upper Ohio Valley Inc ($1.9m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 95% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $146k (5.9% of expenses). Other salaries and wages came to $888k. At year end it held assets of $11.2m against liabilities of $3.7m, net assets of $7.6m. It reported 65 employees.