Memphis Bar Association
EIN: 620267185 · Memphis, TN
| Metric | Value |
|---|---|
| Total Revenue | $764K |
| Total Expenses | $643K |
| Net Assets | $162K |
Is Memphis Bar Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Memphis Bar Association
Memphis Bar Association (EIN: 620267185) is a nonprofit organization based in Memphis, TN. The organization reported total revenue of $764K and total assets of $279K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memphis Bar Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memphis Bar Association is a small nonprofit that has been operating for 76 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $648K |
| Total Expenses | $643K |
| Surplus / Deficit | +$6K |
| Total Assets | $221K |
| Total Liabilities | $59K |
| Net Assets | $162K |
| Operating Margin | 0.9% |
| Debt-to-Asset Ratio | 26.8% |
| Months of Reserves | 4.1 months |
Financial Health Grade: A
In 2023, Memphis Bar Association reported a surplus of $6K with revenue exceeding expenses, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 26.8% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Memphis Bar Association's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.1% | +21.2% | -5.9% |
| 2022 | +9.5% | +21.1% | -5.9% |
| 2021 | -1.5% | -19.4% | -1.2% |
| 2020 | -24.6% | -22.1% | -8.2% |
| 2019 | -5.2% | -0.3% | +10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1950 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Memphis Bar Association 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 Memphis Bar Association 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 surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.8%.
Frequently Asked Questions about Memphis Bar Association
Is Memphis Bar Association a legitimate charity?
Memphis Bar Association (EIN: 620267185) is a registered tax-exempt nonprofit based in Tennessee. It has 14 years of IRS 990 filings on record. Total revenue: $764K. No red flags identified. Financial health grade: A.
How does Memphis Bar Association spend its money?
Memphis Bar Association reported $764K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Memphis Bar Association tax-deductible?
Memphis Bar Association is registered as a tax-exempt nonprofit (EIN: 620267185). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Memphis Bar Association located?
Memphis Bar Association is headquartered in Memphis, Tennessee and files with the IRS under EIN 620267185.
How many years of IRS 990 filings does Memphis Bar Association have?
Memphis Bar Association has 14 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 $764K in total revenue.
Filing History
IRS 990 filing history for Memphis Bar Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Memphis Bar Association's revenue has declined by 4.3%, moving from $678K to $648K. Total assets decreased by 19.8% over the same period, from $275K to $221K. Total functional expenses fell by 5%, from $676K to $643K. In its most recent filing year (2023), Memphis Bar Association reported a surplus of $6K, with revenue exceeding expenses. The organization holds $59K in liabilities against $221K in assets (debt-to-asset ratio: 26.8%), resulting in net assets of $162K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $648K | $643K | $221K | $59K | — | View 990 |
| 2022 | $540K | $530K | $235K | $79K | — | View 990 |
| 2021 | $493K | $438K | $249K | $66K | — | View 990 |
| 2020 | $500K | $543K | $252K | $124K | — | — |
| 2019 | $663K | $698K | $275K | $104K | — | — |
| 2018 | $700K | $700K | $250K | $44K | — | View 990 |
| 2017 | $713K | $698K | $312K | $106K | — | View 990 |
| 2016 | $724K | $728K | $348K | $157K | — | View 990 |
| 2015 | $650K | $661K | $376K | $181K | — | View 990 |
| 2014 | $705K | $692K | $256K | $50K | — | View 990 |
| 2013 | $658K | $672K | $231K | $37K | — | View 990 |
| 2012 | $674K | $697K | $233K | $25K | — | View 990 |
| 2011 | $599K | $635K | $245K | $14K | — | View 990 |
| 2010 | $678K | $676K | $275K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $648K, expenses of $643K, and assets of $221K (revenue +20.1% year-over-year).
- 2022: Revenue of $540K, expenses of $530K, and assets of $235K (revenue +9.5% year-over-year).
- 2021: Revenue of $493K, expenses of $438K, and assets of $249K (revenue -1.5% year-over-year).
- 2020: Revenue of $500K, expenses of $543K, and assets of $252K (revenue -24.6% year-over-year).
- 2019: Revenue of $663K, expenses of $698K, and assets of $275K (revenue -5.2% year-over-year).
- 2018: Revenue of $700K, expenses of $700K, and assets of $250K (revenue -1.8% year-over-year).
- 2017: Revenue of $713K, expenses of $698K, and assets of $312K (revenue -1.6% year-over-year).
- 2016: Revenue of $724K, expenses of $728K, and assets of $348K (revenue +11.5% year-over-year).
- 2015: Revenue of $650K, expenses of $661K, and assets of $376K (revenue -7.8% year-over-year).
- 2014: Revenue of $705K, expenses of $692K, and assets of $256K (revenue +7.1% year-over-year).
- 2013: Revenue of $658K, expenses of $672K, and assets of $231K (revenue -2.4% year-over-year).
- 2012: Revenue of $674K, expenses of $697K, and assets of $233K (revenue +12.6% year-over-year).
- 2011: Revenue of $599K, expenses of $635K, and assets of $245K (revenue -11.6% year-over-year).
- 2010: Revenue of $678K, expenses of $676K, and assets of $275K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memphis Bar Association:
Data Sources and Methodology
This transparency report for Memphis Bar Association 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.