Jewish Foundation of Memphis

Analysis

Jewish Foundation of Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Jewish Foundation of Memphis reported income of $15.5m and spending of $10.3m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.8m to $15.5m (+127%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 83%. Over the whole period it spent 55% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Jewish Foundation of Memphis sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include San Francisco Falun Buddha Study Association ($15.5m), European Jewish Association Inc ($15.5m) and Christ for All Nations ($15.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $84.8m against liabilities of $17.6m, net assets of $67.2m.