Memphis Interfaith Coalition for Acton and Hope

Analysis

Memphis Interfaith Coalition for Acton and Hope is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 Interfaith Coalition for Acton and Hope reported income of $440k and spending of $508k, spending 115% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $430k to $440k (+2.3%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 80% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Memphis Interfaith Coalition for Acton and Hope sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include Bethany Haven Inc ($440k), Global Grassroots ($440k) and Conflict Resolution Center of Montgomery County Inc ($440k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $70k (14% of expenses). Other salaries and wages came to $185k. At year end it held assets of $535k against liabilities of $0, net assets of $535k. It reported 5 employees.