Memphis and Shelby County Council on Aging Inc

Analysis

Memphis and Shelby County Council on Aging Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1983, 43 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Memphis and Shelby County Council on Aging Inc reported income of $119k and spending of $95k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $117k to $119k (+2.0%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 124%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Memphis and Shelby County Council on Aging Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within TN. Charities of a similar size with the same main cause include Mapleview Inc ($119k), Cleveland 2030 District ($119k) and Zarathushti Entrepreneurship Development Foundation ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Other salaries and wages came to $23k. At year end it held assets of $79k against liabilities of $826, net assets of $79k. It reported 2 employees.