Memphis University School

Analysis

Memphis University School is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 1957, 69 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Memphis University School reported income of $26.9m and spending of $21.2m, leaving 21% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $18.8m to $26.9m (+43%), an average of +9.3% a year. The sharpest change came in the year to July 2023, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Memphis University School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Indian Community School Inc ($26.8m), Bushnell University ($26.9m) and Brentwood Academy Inc ($26.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 40% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $767k (3.6% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $77.5m against liabilities of $19.7m, net assets of $57.9m. It reported 140 employees.