Childrens Foundation Of Memphis
EIN: 620560292 · Memphis, TN · NTEE: E50I
| Metric | Value |
|---|---|
| Total Revenue | $396K |
| Total Expenses | $1.8M |
| Net Assets | $36.6M |
Is Childrens Foundation Of Memphis Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Childrens Foundation Of Memphis
Childrens Foundation Of Memphis (EIN: 620560292) is a nonprofit organization based in Memphis, TN, classified under NTEE code E50I. The organization reported total revenue of $396K and total assets of $37.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Childrens Foundation Of Memphis's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Childrens Foundation Of Memphis is a small nonprofit that has been operating for 43 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $711K |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-1,043,471 |
| Total Assets | $36.7M |
| Total Liabilities | $68K |
| Net Assets | $36.6M |
| Operating Margin | -146.8% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 251.1 months |
Financial Health Grade: B
In 2023, Childrens Foundation Of Memphis reported a deficit of $1.0M with expenses exceeding revenue, holds 251.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Childrens Foundation Of Memphis's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -112.6% | +19.1% | -5.3% |
| 2021 | +95.0% | -29.0% | +6.1% |
| 2020 | +2.4% | +16.3% | -1.2% |
| 2019 | -43.4% | +27.9% | +16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Childrens Foundation Of 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 Childrens Foundation Of 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Childrens Foundation Of Memphis
Is Childrens Foundation Of Memphis a legitimate charity?
Based on AI analysis of IRS 990 filings, Childrens Foundation Of Memphis (EIN: 620560292) insufficient data. 0 red flags identified, 0 strengths noted.
How does Childrens Foundation Of Memphis spend its money?
Detailed spending breakdown data is not yet available for Childrens Foundation Of Memphis. Check back for updated IRS 990 analysis.
Are donations to Childrens Foundation Of Memphis tax-deductible?
Childrens Foundation Of Memphis is registered as a tax-exempt nonprofit (EIN: 620560292). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Childrens Foundation Of Memphis located?
Childrens Foundation Of Memphis is headquartered in Memphis, Tennessee and files with the IRS under EIN 620560292. It is classified under NTEE code E50I.
How many years of IRS 990 filings does Childrens Foundation Of Memphis have?
Childrens Foundation Of Memphis has 10 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 $396K in total revenue.
Filing History
IRS 990 filing history for Childrens Foundation Of Memphis showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Childrens Foundation Of Memphis's revenue has declined by 49.1%, moving from $1.4M to $711K. Total assets increased by 52.8% over the same period, from $24.0M to $36.7M. Total functional expenses rose by 4.3%, from $1.7M to $1.8M. In its most recent filing year (2023), Childrens Foundation Of Memphis reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $68K in liabilities against $36.7M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $36.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $711K | $1.8M | $36.7M | $68K | — | — |
| 2022 | $-412,909 | $1.7M | $29.9M | $457K | — | View 990 |
| 2021 | $3.3M | $1.4M | $31.5M | $1 | — | View 990 |
| 2020 | $1.7M | $2.0M | $29.7M | $1 | — | View 990 |
| 2019 | $1.6M | $1.7M | $30.0M | $1 | — | View 990 |
| 2015 | $2.9M | $1.4M | $25.9M | $407 | — | View 990 |
| 2014 | $2.1M | $1.8M | $24.4M | $431 | — | View 990 |
| 2013 | $1.3M | $1.4M | $24.1M | $311 | — | View 990 |
| 2012 | $1.4M | $1.3M | $24.2M | $346 | — | View 990 |
| 2011 | $1.4M | $1.7M | $24.0M | $163 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $711K, expenses of $1.8M, and assets of $36.7M.
- 2022: Revenue of $-412,909, expenses of $1.7M, and assets of $29.9M (revenue -112.6% year-over-year).
- 2021: Revenue of $3.3M, expenses of $1.4M, and assets of $31.5M (revenue +95.0% year-over-year).
- 2020: Revenue of $1.7M, expenses of $2.0M, and assets of $29.7M (revenue +2.4% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.7M, and assets of $30.0M (revenue -43.4% year-over-year).
- 2015: Revenue of $2.9M, expenses of $1.4M, and assets of $25.9M (revenue +38.7% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.8M, and assets of $24.4M (revenue +55.7% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.4M, and assets of $24.1M (revenue -5.9% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $24.2M (revenue +2.1% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.7M, and assets of $24.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Childrens Foundation Of Memphis:
Data Sources and Methodology
This transparency report for Childrens Foundation Of 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.