Memphis Housing Strategies

Analysis

Memphis Housing Strategies 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 housing and shelter, which this site groups under housing and shelter. 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 December 2023, Memphis Housing Strategies reported income of $250k and spending of $21k, leaving 92% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $648k to $250k (-61%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 17% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Memphis Housing Strategies sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within TN. Charities of a similar size with the same main cause include Steamboat Trails Inc ($250k), Houlton Housing for the Elderly ($250k) and Youth Towers Incorporated ($250k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $737k against liabilities of $7,839, net assets of $730k.