Memphis Athletic Ministries Realty Inc

Analysis

Memphis Athletic Ministries Realty Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 July 2023, Memphis Athletic Ministries Realty Inc reported income of $120k and spending of $154k, spending 128% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $80k to $120k (+50%), an average of +11% a year. The sharpest change came in the year to July 2021, when income rose by 46%. Over the whole period it spent 147% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Memphis Athletic Ministries Realty Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include Spencer Flight and Education Center Inc ($120k), National Collegiate Taekwondo Association ($120k) and Rampage Softball Inc ($120k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $989k against liabilities of $1.1m, net assets of -$149k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.