Memphis Challenge Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 181,748 | 265,935 | −84,187 | 4.8 | — |
| 2015 | 305,015 | 263,311 | 41,704 | 6.7 | 59% |
| 2016 | 321,940 | 298,194 | 23,746 | 6.9 | 56% |
| 2017 | 282,152 | 279,892 | 2,260 | 7.4 | 58% |
| 2018 | 310,544 | 321,999 | −11,455 | 6.0 | 55% |
| 2019 | 250,145 | 308,136 | −57,991 | 4.1 | 61% |
| 2020 | 211,190 | 266,842 | −55,652 | 2.2 | 61% |
| 2021 | 382,346 | 225,363 | 156,983 | 10.9 | 57% |
| 2022 | 312,432 | 343,244 | −30,812 | 6.1 | 70% |
| 2023 | 309,907 | 341,453 | −31,546 | 5.0 | 67% |
In its most recent public year (2023), this organization spent $31,546 more than it brought in. Its reserves stood at about 5 months of spending. Staff pay was 67% 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 Challenge 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