Memphis Educational Television Inc

Analysis

Memphis Educational Television Inc is a registered charity in United States, based in Marion, IL. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Educational Television Inc reported income of $244k and spending of $99k, leaving 60% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $339k to $244k (-28%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 33% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Memphis Educational Television Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include Strategic Indigenous Missions ($244k), Chaya-Israel Foundation Inc ($244k) and Extraordinary Lutheran Ministries ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. At year end it held assets of $1.1m against liabilities of $497k, net assets of $598k.