Multinational Memphis

Analysis

Multinational Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 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 September 2023, Multinational Memphis reported income of $493k and spending of $567k, spending 115% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $410k to $493k (+20%), an average of +6.3% a year. The sharpest change came in the year to September 2023, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Multinational Memphis sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Fiddlehead Montessori School ($493k), Transformation Waco ($493k) and North Scituate Public Library Association ($493k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (8.5% of expenses). Other salaries and wages came to $322k. At year end it held assets of $46k against liabilities of $17k, net assets of $29k. It reported 47 employees.