Gentlemens League

Analysis

Gentlemens League is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Gentlemens League reported income of $311k and spending of $132k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $129k to $311k (+141%), an average of +141% a year. The sharpest change came in the year to December 2023, when income rose by 141%. Over the whole period it spent 40% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gentlemens League sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include Santa Monica Bay Womans Club ($311k), Acts 2 Toledo ($311k) and Warrensburg Main Street Inc ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $26k (20% of expenses). At year end it held assets of $281k against liabilities of $0, net assets of $281k.