Communities in Schools of Memphis Inc

Analysis

Communities in Schools of Memphis Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 2019, 7 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 2022, Communities in Schools of Memphis Inc reported income of $5.8m and spending of $4.2m, leaving 28% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $2.7m to $5.8m (+113%), an average of +29% a year. The sharpest change came in the year to June 2020, when income rose by 69%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Communities in Schools of Memphis Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include Rutgers-Camden Technology Campus ($5.8m), Hudson Link for Higher Education in ($5.8m) and Virginia University of Integrative Medicine Inc ($5.8m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $474k (11% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $6.4m against liabilities of $230k, net assets of $6.2m. It reported 52 employees.