Advance Memphis
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,920,771 | 2,000,124 | −79,353 | 4.0 | 72% |
| 2012 | 2,029,454 | 1,946,494 | 82,960 | 4.6 | 75% |
| 2013 | 2,116,199 | 1,971,184 | 145,015 | 5.4 | 73% |
| 2014 | 2,012,585 | 1,972,028 | 40,557 | 5.6 | 72% |
| 2015 | 2,805,602 | 2,506,548 | 299,054 | 5.9 | 75% |
| 2016 | 2,243,969 | 2,388,447 | −144,478 | 5.4 | 71% |
| 2017 | 2,419,973 | 2,272,233 | 147,740 | 6.5 | 68% |
| 2018 | 3,254,572 | 2,621,915 | 632,657 | 8.5 | 71% |
| 2019 | 2,937,351 | 2,881,631 | 55,720 | 8.0 | 62% |
| 2020 | 2,631,930 | 2,389,772 | 242,158 | 10.8 | 66% |
| 2021 | 2,601,360 | 2,385,420 | 215,940 | 12.0 | 60% |
| 2022 | 2,864,991 | 2,366,500 | 498,491 | 14.6 | 55% |
| 2023 | 2,690,042 | 2,786,013 | −95,971 | 12.0 | 59% |
In its most recent public year (2023), this organization spent $95,971 more than it brought in. Its reserves stood at about 12 months of spending, up from 4 in 2011. Staff pay was 59% of spending. $150,417 of its net assets are donor-restricted.
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
Advance Memphis'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