Leadership Memphis

Analysis

Leadership Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 1979, 47 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, Leadership Memphis reported income of $2.3m and spending of $2.5m, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $2.3m (+74%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leadership Memphis sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Dallas Fort Worth Business Council Inc ($2.3m), Durham Center for Senior Life ($2.3m) and Childrens Action Alliance Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $150k (5.9% of expenses). Other salaries and wages came to $595k. At year end it held assets of $3.1m against liabilities of $700k, net assets of $2.4m. It reported 10 employees.