South Memphis Alliance Incorporated

Analysis

South Memphis Alliance Incorporated is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 1997, 29 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 June 2023, South Memphis Alliance Incorporated reported income of $797k and spending of $826k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $617k to $797k (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 169%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Memphis Alliance Incorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Santa Barbara Police Activities League ($797k), Main Street Skowhegan ($798k) and Dress for Success Austin ($797k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 39% of the total. Other salaries and wages came to $214k. At year end it held assets of $2.0m against liabilities of $117k, net assets of $1.9m. It reported 5 employees.