Memphis In May International Festival Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,158,149 | 7,067,490 | 90,659 | 5.0 | 14% |
| 2012 | 6,555,478 | 6,900,201 | −344,723 | 4.5 | 13% |
| 2013 | 6,820,089 | 7,070,638 | −250,549 | 4.0 | 14% |
| 2014 | 7,010,336 | 6,933,270 | 77,066 | 4.3 | 15% |
| 2015 | 8,535,506 | 7,975,906 | 559,600 | 4.5 | 13% |
| 2016 | 8,328,399 | 8,661,341 | −332,942 | 3.7 | 12% |
| 2017 | 9,481,603 | 9,428,394 | 53,209 | 3.6 | 13% |
| 2018 | 10,482,631 | 10,042,308 | 440,323 | 3.9 | 13% |
| 2019 | 11,810,662 | 11,214,467 | 596,195 | 4.1 | 13% |
| 2020 | 757,377 | 2,563,206 | −1,805,829 | 9.8 | 48% |
| 2021 | 2,273,583 | 2,491,786 | −218,203 | 10.0 | 31% |
| 2022 | 16,594,261 | 12,838,313 | 3,755,948 | 5.0 | 10% |
| 2023 | 8,286,107 | 11,713,819 | −3,427,712 | 2.0 | 10% |
In its most recent public year (2023), this organization spent $3,427,712 more than it brought in. Its reserves stood at about 2 months of spending, down from 5 in 2011. Staff pay was 10% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Memphis In May International Festival Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works