Music Export Memphis

Analysis

Music Export Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 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 (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, Music Export Memphis reported income of $353k and spending of $465k, spending 132% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $377k to $353k (-6.1%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income dropped by 25%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music Export Memphis sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include Lowell Arts ($353k), Craftnow Philadelphia ($354k) and Blavity Org Foundation Inc ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $129k. At year end it held assets of $33k against liabilities of $0, net assets of $33k. It reported 1 employees.