Memphis River Parks Partnership Inc

Analysis

Memphis River Parks Partnership Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2000, 26 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 (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 2023, Memphis River Parks Partnership Inc reported income of $7.7m and spending of $28.5m, spending 371% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.8m to $7.7m (-1.4%), an average of -0.4% a year. The sharpest change came in the year to June 2020, when income rose by 316%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Memphis River Parks Partnership Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Economic Development Collaborative Ventura County ($7.7m), 211 Tampa Bay Cares Inc ($7.7m) and Trenton Business Assistance Corporation ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $248k (0.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $25.5m against liabilities of $18.2m, net assets of $7.3m. It reported 30 employees.