Memphis Center City Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 428,879 | 636,934 | −208,055 | 89.2 | 0% |
| 2012 | 743,526 | 584,769 | 158,757 | 100.6 | 0% |
| 2013 | 2,162,313 | 381,506 | 1,780,807 | 210.2 | 0% |
| 2014 | 999,963 | 360,854 | 639,109 | 243.5 | 0% |
| 2015 | 3,119,784 | 2,816,149 | 303,635 | 32.0 | 0% |
| 2016 | 15,342,882 | 3,850,619 | 11,492,263 | 59.3 | 0% |
| 2017 | 2,168,215 | 13,456,803 | −11,288,588 | 6.9 | 0% |
| 2018 | 2,542,923 | 1,507,903 | 1,035,020 | 69.7 | 0% |
| 2019 | 3,575,723 | 1,848,142 | 1,727,581 | 68.1 | 0% |
| 2020 | 1,134,042 | 1,198,420 | −64,378 | 104.4 | 0% |
| 2021 | 2,877,501 | 2,513,457 | 364,044 | 51.5 | 0% |
| 2022 | 143,140 | 1,715,061 | −1,571,921 | 73.5 | 0% |
| 2023 | 1,738,728 | 1,631,052 | 107,676 | 78.0 | 0% |
In its most recent public year (2023), this organization brought in $107,676 more than it spent. Its reserves stood at about 78 months of spending, down from 89.2 in 2011. Staff pay was 0% 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 Center City Development Corporation'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