Memphis Center for Independent Liv

Analysis

Memphis Center for Independent Liv is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 1985, 41 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 September 2023, Memphis Center for Independent Liv reported income of $466k and spending of $434k, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $326k to $466k (+43%), an average of +9.3% a year. The sharpest change came in the year to September 2020, when income rose by 39%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memphis Center for Independent Liv sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Des Moines Metro Opera Foundation Inc ($466k), Maui Hui Malama ($466k) and New Hampshire World Fellowship Center Inc ($466k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $291k. At year end it held assets of $56k against liabilities of $22k, net assets of $34k. It reported 9 employees.