Memphis Cultural Arts Enrichment Center

Analysis

Memphis Cultural Arts Enrichment Center is a registered charity in United States, based in Collierville, TN. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Memphis Cultural Arts Enrichment Center reported income of $69k and spending of $65k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $64k to $69k (+7.4%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Memphis Cultural Arts Enrichment Center sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within TN. Charities of a similar size with the same main cause include Klipsch Heritage Museum Association Inc ($69k), The Nowodworski Foundation Charity Cultural and Educational Exchange ($69k) and Chicago National Brewseum ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (93% of expenses). At year end it held assets of $33k against liabilities of $14k, net assets of $19k. It reported 1 employees.