Heal Memphis

Analysis

Heal Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Heal Memphis reported income of $583k and spending of $546k, spending 94% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $968k to $583k (-40%), an average of -40% a year. The sharpest change came in the year to June 2024, when income dropped by 40%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heal Memphis sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Moon Township Public Library ($583k), Kilimanjaro Mission of Hope & Outreach ($583k) and Adult Literacy League Inc ($583k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $125k (23% of expenses). Other salaries and wages came to $263k. At year end it held assets of $47k against liabilities of $10k, net assets of $37k. It reported 4 employees.