Memphis YMCA Support Corporation

Analysis

Memphis YMCA Support Corporation is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Memphis YMCA Support Corporation reported income of $124k and spending of $508k, spending 410% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $406k to $124k (-69%), an average of -33% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Memphis YMCA Support Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include Fathership Foundation Inc ($124k), Pope County Hearts & Hands Inc ($124k) and Independence Cay Inc ($124k).

At year end it held assets of $13.5m against liabilities of $13.5m, net assets of -$69k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.