Building Memphis
EIN: 621514675 · Memphis, TN · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $792K |
| Total Expenses | $749K |
| Net Assets | $545K |
Is Building Memphis Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Building Memphis
Building Memphis (EIN: 621514675) is a nonprofit organization based in Memphis, TN, classified under NTEE code S30. The organization reported total revenue of $792K and total assets of $566K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Building Memphis's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Building Memphis is a small nonprofit that has been operating for 26 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $792K |
| Total Expenses | $749K |
| Surplus / Deficit | +$43K |
| Total Assets | $566K |
| Total Liabilities | $21K |
| Net Assets | $545K |
| Operating Margin | 5.5% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 9.1 months |
Financial Health Grade: A
In 2022, Building Memphis reported a surplus of $43K with revenue exceeding expenses, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Building Memphis's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +41.5% | +67.2% | +12.2% |
| 2021 | +17.1% | -3.5% | +28.4% |
| 2020 | -59.7% | -60.7% | -19.6% |
| 2019 | +124.7% | +105.9% | +21.7% |
| 2018 | -2.4% | +29.2% | -4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Building Memphis has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Building Memphis with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $43K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.7%.
Frequently Asked Questions about Building Memphis
Is Building Memphis a legitimate charity?
Building Memphis (EIN: 621514675) is a registered tax-exempt nonprofit based in Tennessee. It has 12 years of IRS 990 filings on record. Total revenue: $792K. No red flags identified. Financial health grade: A.
How does Building Memphis spend its money?
Building Memphis reported $792K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Building Memphis tax-deductible?
Building Memphis is registered as a tax-exempt nonprofit (EIN: 621514675). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Building Memphis located?
Building Memphis is headquartered in Memphis, Tennessee and files with the IRS under EIN 621514675. It is classified under NTEE code S30.
How many years of IRS 990 filings does Building Memphis have?
Building Memphis has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $792K in total revenue.
Filing History
IRS 990 filing history for Building Memphis showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Building Memphis's revenue has grown by 213.2%, moving from $253K to $792K. Total assets increased by 187.8% over the same period, from $197K to $566K. Total functional expenses rose by 179.6%, from $268K to $749K. In its most recent filing year (2022), Building Memphis reported a surplus of $43K, with revenue exceeding expenses. The organization holds $21K in liabilities against $566K in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $545K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $792K | $749K | $566K | $21K | — | View 990 |
| 2021 | $560K | $448K | $505K | $3K | — | View 990 |
| 2020 | $479K | $464K | $393K | $4K | — | View 990 |
| 2019 | $1.2M | $1.2M | $489K | $114K | — | View 990 |
| 2018 | $528K | $574K | $402K | $30K | — | View 990 |
| 2017 | $541K | $445K | $423K | $4K | — | View 990 |
| 2016 | $467K | $494K | $357K | $34K | — | View 990 |
| 2015 | $487K | $542K | $399K | $50K | — | View 990 |
| 2014 | $863K | $682K | $409K | $5K | — | View 990 |
| 2013 | $324K | $330K | $240K | $17K | — | View 990 |
| 2012 | $386K | $325K | $245K | $25K | — | View 990 |
| 2011 | $253K | $268K | $197K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $792K, expenses of $749K, and assets of $566K (revenue +41.5% year-over-year).
- 2021: Revenue of $560K, expenses of $448K, and assets of $505K (revenue +17.1% year-over-year).
- 2020: Revenue of $479K, expenses of $464K, and assets of $393K (revenue -59.7% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $489K (revenue +124.7% year-over-year).
- 2018: Revenue of $528K, expenses of $574K, and assets of $402K (revenue -2.4% year-over-year).
- 2017: Revenue of $541K, expenses of $445K, and assets of $423K (revenue +15.7% year-over-year).
- 2016: Revenue of $467K, expenses of $494K, and assets of $357K (revenue -4.1% year-over-year).
- 2015: Revenue of $487K, expenses of $542K, and assets of $399K (revenue -43.5% year-over-year).
- 2014: Revenue of $863K, expenses of $682K, and assets of $409K (revenue +165.9% year-over-year).
- 2013: Revenue of $324K, expenses of $330K, and assets of $240K (revenue -15.9% year-over-year).
- 2012: Revenue of $386K, expenses of $325K, and assets of $245K (revenue +52.5% year-over-year).
- 2011: Revenue of $253K, expenses of $268K, and assets of $197K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Building Memphis:
Data Sources and Methodology
This transparency report for Building Memphis is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.