Memphis Merit Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 763,284 | 328,984 | 434,300 | 15.8 | 40% |
| 2020 | 1,729,001 | 1,640,676 | 88,325 | 3.8 | 43% |
| 2021 | 2,414,359 | 2,115,540 | 298,819 | 4.7 | 53% |
| 2022 | 3,378,082 | 3,150,437 | 227,645 | 3.6 | 48% |
| 2023 | 4,545,144 | 4,395,049 | 150,095 | 3.0 | 42% |
In its most recent public year (2023), this organization brought in $150,095 more than it spent. Its reserves stood at about 3 months of spending, down from 15.8 in 2019. Staff pay was 42% of spending. $266,378 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
Memphis Merit Academy'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