Memphis Community Housing Inc

Analysis

Memphis Community Housing Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 1991, 35 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Memphis Community Housing Inc reported income of $532k and spending of $317k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $146k to $532k (+264%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memphis Community Housing Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Flagler Open Arms Recovery Services Inc ($532k), Middleburg Early Education Center ($532k) and Long Green Volunteer Fire Co Inc ($532k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $53k. At year end it held assets of $811k against liabilities of $2.1m, net assets of -$1.3m.