Black Clergy Collaborative of Memphis

Analysis

Black Clergy Collaborative of 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 community improvement and capacity building, which this site groups under community and economic development. 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, Black Clergy Collaborative of Memphis reported income of $144k and spending of $96k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $144k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Clergy Collaborative of Memphis sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within TN. Charities of a similar size with the same main cause include Uptown Partnership ($144k), Hamline Midway Coalition ($144k) and McHenry County Council of Goverments ($143k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $95k against liabilities of $500, net assets of $94k.