Memphis Union Mission

Analysis

Memphis Union Mission is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 1951, 75 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Memphis Union Mission reported income of $6.4m and spending of $5.0m, leaving 22% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.5m to $6.4m (+44%), an average of +9.4% a year. The sharpest change came in the year to September 2020, when income rose by 44%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Memphis Union Mission sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Homeownership Affordability Trust Fund ($6.4m), Social Housing ($6.4m) and Welcome House of Northern Kentucky Inc ($6.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $262k (5.2% of expenses). Other salaries and wages came to $1.6m. It paid $849k in professional fundraising fees. At year end it held assets of $35.2m against liabilities of $6.7m, net assets of $28.6m. It reported 56 employees.