Blight Authority of Memphis Inc

Analysis

Blight Authority of Memphis Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2024, Blight Authority of Memphis Inc reported income of $504k and spending of $571k, spending 113% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $151k to $504k (+233%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 1666%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blight Authority of Memphis Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Utah State Amateur Softball Association ($504k), Council on Aviation Accreditation Inc ($504k) and Community Concerns Inc ($504k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $291k. At year end it held assets of $984k against liabilities of $390k, net assets of $594k. It reported 4 employees.