Fire Department Museum of Memphis Inc

Analysis

Fire Department Museum of Memphis Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Fire Department Museum of Memphis Inc reported income of $453k and spending of $768k, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $350k to $453k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 235%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fire Department Museum of Memphis Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include Topa Institute ($453k), Ohr Hatzafun Productions ($453k) and Treasure House of Hope ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Other salaries and wages came to $240k. At year end it held assets of $2.9m against liabilities of $172k, net assets of $2.7m. It reported 12 employees.