Building Memphis

Analysis

Building Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 2000, 26 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 2022, Building Memphis reported income of $792k and spending of $749k, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.2m to $792k (-33%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 60%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Building Memphis 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 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Building Blocks of Kalamazoo ($792k), New Bedford Ocean Cluster Inc ($793k) and Ennis Main Street ($792k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 73% and program service revenue 27% of the total. Other salaries and wages came to $464k. At year end it held assets of $566k against liabilities of $21k, net assets of $545k. It reported 7 employees.