Out Memphis

Analysis

Out Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Out Memphis reported income of $3.8m and spending of $1.8m, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $3.8m (+262%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 243%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Out Memphis sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Yolo Crisis Nursey Inc ($3.8m), African Communities Together ($3.8m) and Sunporch of Smith Center Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $927k. At year end it held assets of $3.1m against liabilities of $89k, net assets of $3.1m. It reported 28 employees.