Memphis Chapter for Preservation of Tennessee Antiquities

Analysis

Memphis Chapter for Preservation of Tennessee Antiquities is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 1952, 74 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 June 2023, Memphis Chapter for Preservation of Tennessee Antiquities reported income of $586k and spending of $553k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.3m to $586k (-89%), an average of -42% a year. The sharpest change came in the year to June 2022, when income dropped by 83%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memphis Chapter for Preservation of Tennessee Antiquities sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Los Alamitos High School Band Boosters Inc ($586k), Oasis Institute ($586k) and Mt Pisgah Apartments Inc ($586k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 7.4% of the total. Other salaries and wages came to $144k. At year end it held assets of $1.9m against liabilities of $1,703, net assets of $1.9m. It reported 5 employees.