Ed Murphey Classic

Analysis

Ed Murphey Classic is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Ed Murphey Classic reported income of $350k and spending of $339k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $184k to $350k (+90%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ed Murphey Classic sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include Touch a Life Foundation Inc ($349k), Citius Athletic Club Miami Inc ($350k) and Gillwell Foundation ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.