Society of Entrepreneurs

Analysis

Society of Entrepreneurs 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Society of Entrepreneurs reported income of $93k and spending of $179k, spending 193% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $178k to $93k (-48%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 233%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Society of Entrepreneurs sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include HR Executive Forum ($93k), Rotary Club of Dr Phillips Foundation Inc ($93k) and South Bay Seniors People Helping People Organization ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $98k (55% of expenses). At year end it held assets of $374k against liabilities of $4,683, net assets of $370k. It reported 1 employees.