Second Presbyterian Church Foundation Inc

Analysis

Second Presbyterian Church Foundation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Second Presbyterian Church Foundation Inc reported income of $12.3m and spending of $2.6m, leaving 79% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $12.3m (+1057%), an average of +63% a year. The sharpest change came in the year to June 2024, when income rose by 1258%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Second Presbyterian Church Foundation Inc 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 96th percentile within TN. Charities of a similar size with the same main cause include TCT Ministries Inc ($12.2m), Onetable Inc ($12.5m) and Behold Israel ($12.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. At year end it held assets of $42.4m against liabilities of $111k, net assets of $42.3m.