Memphis Opportunity Scholarship TR Inc

Analysis

Memphis Opportunity Scholarship TR Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Memphis Opportunity Scholarship TR Inc reported income of $1.8m and spending of $1.5m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $696k to $1.8m (+159%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 511%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Memphis Opportunity Scholarship TR Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Center for Arts-Inspired Learning ($1.8m), Masores Bnos Yisroel Inc ($1.8m) and 20 20 Vision for Schools Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $139k (9.0% of expenses). Other salaries and wages came to $150k. At year end it held assets of $7.8m against liabilities of $0, net assets of $7.8m. It reported 3 employees.