Allmemphis Inc

Analysis

Allmemphis Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 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 (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, Allmemphis Inc reported income of $1.8m and spending of $1.4m, leaving 20% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $1.8m (+59%), an average of +9.7% a year. The sharpest change came in the year to June 2024, when income rose by 62%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Allmemphis Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include New York Institute of English and Business Inc ($1.8m), Morrison Institute of Technology ($1.8m) and East Palo Alto Academy Foundation ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $161k (11% of expenses). Other salaries and wages came to $675k. At year end it held assets of $1.6m against liabilities of $211k, net assets of $1.4m. It reported 12 employees.