Memphis for All Education Fund

Analysis

Memphis for All Education Fund is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2020, 6 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 December 2023, Memphis for All Education Fund reported income of $832k and spending of $547k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $247k to $832k (+237%), an average of +84% a year. The sharpest change came in the year to December 2022, when income rose by 125%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Memphis for All Education Fund sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Divine Destiny School Inc ($832k), Summit Academy Transition High School - Columbus ($832k) and Learn to Lead Foundation of Lowell Inc ($832k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (17% of expenses). Other salaries and wages came to $127k. At year end it held assets of $663k against liabilities of $15k, net assets of $648k. It reported 5 employees.