Warriors Center Memphis

Analysis

Warriors Center Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 2021, 5 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 (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, Warriors Center Memphis reported income of $1.0m and spending of $1.1m, spending 107% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.1m to $1.0m (-6.7%), an average of -2.3% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Warriors Center Memphis sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Surge Recovery Inc ($1.0m), Hale Mahaolu Lahaina Surf Inc ($1.1m) and Gibb Mansion Housing Development Fund Corporation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $50k (4.5% of expenses). Other salaries and wages came to $196k. At year end it held assets of $87k against liabilities of $0, net assets of $87k. It reported 13 employees.