Share Memphis

Analysis

Share Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Share Memphis reported income of $70k and spending of $17k, leaving 76% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $70k (-4.3%), an average of -4.3% a year. Over the whole period it spent 15% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Share Memphis sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within TN. Charities of a similar size with the same main cause include Pioneer Valley Grows Investment Fund Inc ($70k), Rotary Club of Dallas Incorporated ($70k) and Parker Center for Family Business ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $274k against liabilities of $0, net assets of $274k.