Memphis Artists for Change

Analysis

Memphis Artists for Change is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Memphis Artists for Change reported income of $729k and spending of $929k, spending 127% of what it took in. Across the 2 years on record, from June 2021 to June 2022, income fell from $996k to $729k (-27%), an average of -27% a year. The sharpest change came in the year to June 2022, when income dropped by 27%. Over the whole period it spent 79% 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 Artists for Change sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Texarkana Regional Arts & Humanities Council Inc ($729k), Granville Museum Inc ($729k) and Bessie Smith Cultural Center African American Museum & ($729k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $58k (6.2% of expenses). Other salaries and wages came to $74k. At year end it held assets of $404k against liabilities of $0, net assets of $404k. It reported 3 employees.