South City Opportunity Revitalization Empowerment

Analysis

South City Opportunity Revitalization Empowerment is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, South City Opportunity Revitalization Empowerment reported income of $229k and spending of $345k, spending 151% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $572k to $229k (-60%), an average of -60% a year. The sharpest change came in the year to June 2024, when income dropped by 60%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South City Opportunity Revitalization Empowerment sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Wisconsin Lions Birch-Sturm Memorial Fund Inc ($229k), Texas Islamic Community Center ($229k) and Calloway County Schools Foundation Inc ($229k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $86k (25% of expenses). Other salaries and wages came to $53k. At year end it held assets of $371k against liabilities of $3,022, net assets of $367k. It reported 2 employees.