Smarter Memphis

Analysis

Smarter Memphis is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in September 2021, 5 years ago. 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 2024, Smarter Memphis reported income of $173k and spending of $47k, leaving 73% of income unspent that year. Across the 2 years on record, from June 2022 to June 2024, income grew from $99k to $173k (+74%), an average of +74% a year. The sharpest change came in the year to June 2024, when income rose by 74%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Smarter Memphis sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within TN. Charities of a similar size with the same main cause include Little League Baseball Inc ($173k), Howard Memorial Hospital Foundation ($173k) and Big Thicket Association ($173k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 24% and program service revenue 33% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.