Mcgehee Family Foundation
EIN: 621801291 · Memphis, TN · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $14.3M |
| Total Expenses | $268K |
| Net Assets | $5.3M |
Is Mcgehee Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mcgehee Family Foundation
Mcgehee Family Foundation (EIN: 621801291) is a nonprofit organization based in Memphis, TN, classified under NTEE code T22. The organization reported total revenue of $14.3M and total assets of $10.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcgehee Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mcgehee Family Foundation is a large nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -67.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $268K |
| Surplus / Deficit | $-267,670 |
| Total Assets | $7.3M |
| Total Liabilities | $2.0M |
| Net Assets | $5.3M |
| Operating Margin | -26767000.0% |
| Debt-to-Asset Ratio | 27.0% |
| Months of Reserves | 327.9 months |
Financial Health Grade: B
In 2023, Mcgehee Family Foundation reported a deficit of $268K with expenses exceeding revenue, holds 327.9 months of operating reserves (strong position), has a debt-to-asset ratio of 27.0% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Mcgehee Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -67.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -100.0% | +36.6% | +12.7% |
| 2022 | +1.6% | +7.6% | +10.6% |
| 2021 | +39.2% | -8.8% | +11.9% |
| 2020 | +10.2% | -7.2% | +11.5% |
| 2019 | +52652300.0% | -39.0% | +73.5% |
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 Mcgehee Family Foundation 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 Mcgehee Family Foundation 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 $268K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.0%.
Frequently Asked Questions about Mcgehee Family Foundation
Is Mcgehee Family Foundation a legitimate charity?
Mcgehee Family Foundation (EIN: 621801291) is a registered tax-exempt nonprofit based in Tennessee. It has 10 years of IRS 990 filings on record. Total revenue: $14.3M. No red flags identified. Financial health grade: B.
How does Mcgehee Family Foundation spend its money?
Mcgehee Family Foundation reported $14.3M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mcgehee Family Foundation tax-deductible?
Mcgehee Family Foundation is registered as a tax-exempt nonprofit (EIN: 621801291). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mcgehee Family Foundation located?
Mcgehee Family Foundation is headquartered in Memphis, Tennessee and files with the IRS under EIN 621801291. It is classified under NTEE code T22.
How many years of IRS 990 filings does Mcgehee Family Foundation have?
Mcgehee Family Foundation 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 $14.3M in total revenue.
Filing History
IRS 990 filing history for Mcgehee Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mcgehee Family Foundation's revenue has declined by 100%, moving from $645K to $1. Total assets increased by 274.9% over the same period, from $2.0M to $7.3M. Total functional expenses fell by 25.4%, from $359K to $268K. In its most recent filing year (2023), Mcgehee Family Foundation reported a deficit of $268K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $7.3M in assets (debt-to-asset ratio: 27.0%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $268K | $7.3M | $2.0M | — | — |
| 2022 | $820K | $196K | $6.5M | $882K | — | View 990 |
| 2021 | $807K | $182K | $5.9M | $882K | — | View 990 |
| 2020 | $580K | $200K | $5.2M | $882K | — | — |
| 2019 | $527K | $215K | $4.7M | $722K | — | View 990 |
| 2015 | $1 | $352K | $2.7M | $1.4M | — | View 990 |
| 2014 | $2K | $327K | $2.7M | $1.0M | — | View 990 |
| 2013 | $7K | $323K | $2.6M | $643K | — | View 990 |
| 2012 | $757K | $281K | $2.4M | $1 | — | View 990 |
| 2011 | $645K | $359K | $2.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $268K, and assets of $7.3M (revenue -100.0% year-over-year).
- 2022: Revenue of $820K, expenses of $196K, and assets of $6.5M (revenue +1.6% year-over-year).
- 2021: Revenue of $807K, expenses of $182K, and assets of $5.9M (revenue +39.2% year-over-year).
- 2020: Revenue of $580K, expenses of $200K, and assets of $5.2M (revenue +10.2% year-over-year).
- 2019: Revenue of $527K, expenses of $215K, and assets of $4.7M (revenue +52652300.0% year-over-year).
- 2015: Revenue of $1, expenses of $352K, and assets of $2.7M (revenue -99.9% year-over-year).
- 2014: Revenue of $2K, expenses of $327K, and assets of $2.7M (revenue -77.4% year-over-year).
- 2013: Revenue of $7K, expenses of $323K, and assets of $2.6M (revenue -99.1% year-over-year).
- 2012: Revenue of $757K, expenses of $281K, and assets of $2.4M (revenue +17.3% year-over-year).
- 2011: Revenue of $645K, expenses of $359K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mcgehee Family Foundation:
Data Sources and Methodology
This transparency report for Mcgehee Family Foundation 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.