Memphis-Area Home Education Association Inc

Analysis

Memphis-Area Home Education Association Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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-Area Home Education Association Inc reported income of $310k and spending of $290k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $196k to $310k (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Memphis-Area Home Education Association Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include Claremore Public Schools Foundation Inc ($310k), Nativitymiguel Coalition ($310k) and Cardiff Schools Education Association ($310k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $14k (4.9% of expenses). At year end it held assets of $153k against liabilities of $39k, net assets of $114k. It reported 2 employees.