Memphis Brooks Museum Decorative Arts Trust Inc

Analysis

Memphis Brooks Museum Decorative Arts Trust Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 2005, 21 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 June 2024, Memphis Brooks Museum Decorative Arts Trust Inc reported income of $64k and spending of $76k, spending 118% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $49k to $64k (+31%), an average of +31% a year. The sharpest change came in the year to June 2024, when income rose by 31%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Memphis Brooks Museum Decorative Arts Trust Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within TN. Charities of a similar size with the same main cause include Czech and Slovak Association Inc ($64k), Young Artists Philharmonic Inc ($64k) and Artsie Inc ($64k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 3.1% of the total. At year end it held assets of $250k against liabilities of $0, net assets of $250k.