Womans Exchange of Memphis Inc

Analysis

Womans Exchange of Memphis Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in November 1957, 69 years ago. Its declared purposes cover employment, 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 December 2023, Womans Exchange of Memphis Inc reported income of $450k and spending of $450k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $497k to $450k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Womans Exchange of Memphis Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include Bayview Community Development Corporation ($449k), Collider Foundation ($450k) and Mercer County Better Together ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 4.7% of the total. Other salaries and wages came to $249k. At year end it held assets of $881k against liabilities of $37k, net assets of $844k. It reported 8 employees.