Memphis 13 Foundation

Analysis

Memphis 13 Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Memphis 13 Foundation reported income of $259k and spending of $117k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $259k (+155%), an average of +155% a year. The sharpest change came in the year to December 2023, when income rose by 155%. Over the whole period it spent 38% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Memphis 13 Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Israel Sports Exchange Inc ($259k), Lynn Haven Raiders Youth Athletic Association Inc ($260k) and Edwin and Dorothy Baker Foundation ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $25k (21% of expenses). At year end it held assets of $223k against liabilities of $2,144, net assets of $221k.