Memphis Beauty Supply Association
Memphis Beauty Supply Association shows volatile finances with recent deficits and declining assets.
EIN: 205674192 · Collierville, TN · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $102K |
| Total Expenses | $193K |
| Program Spending | 80% |
| Net Assets | $48K |
| Transparency Score | 65/100 |
Is Memphis Beauty Supply Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memphis Beauty Supply Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memphis Beauty Supply Association
Memphis Beauty Supply Association (EIN: 205674192) is a nonprofit organization based in Collierville, TN, classified under NTEE code B90. The organization reported total revenue of $102K and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memphis Beauty Supply Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memphis Beauty Supply Association is a small nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $149K |
| Total Expenses | $193K |
| Surplus / Deficit | $-43,191 |
| Total Assets | $48K |
| Total Liabilities | $1 |
| Net Assets | $48K |
| Operating Margin | -28.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 3.0 months |
Financial Health Grade: B
In 2023, Memphis Beauty Supply Association reported a deficit of $43K with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Memphis Beauty Supply Association's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.8% | +28.7% | -47.1% |
| 2022 | +3211.7% | +537.2% | +115.4% |
| 2021 | -39.4% | -15.0% | -29.1% |
| 2020 | -88.3% | -64.6% | -22.8% |
| 2019 | +7.1% | +5.0% | -31.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Memphis Beauty Supply Association with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Memphis Beauty Supply Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officer salaries are paid, which is highly favorable for minimizing administrative costs relative to the organization's size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Memphis Beauty Supply Association's IRS 990 filings:
- Significant decline in assets from $91,622 in 2022 to $5,215 currently.
- Expenses exceeded revenue in 2023 ($192,618 vs. $149,427), indicating a deficit.
- Highly inconsistent annual revenue and expense figures over the past decade, suggesting financial instability.
Strengths
The following positive indicators were identified for Memphis Beauty Supply Association:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for executive pay.
- Maintains very low liabilities, often $0 or $1, demonstrating responsible debt management.
Frequently Asked Questions about Memphis Beauty Supply Association
Is Memphis Beauty Supply Association a legitimate charity?
Memphis Beauty Supply Association (EIN: 205674192) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $102K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Memphis Beauty Supply Association spend its money?
Memphis Beauty Supply Association directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Memphis Beauty Supply Association tax-deductible?
Memphis Beauty Supply Association is registered as a tax-exempt nonprofit (EIN: 205674192). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Memphis Beauty Supply Association's spending goes to programs?
Memphis Beauty Supply Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Memphis Beauty Supply Association compare to similar nonprofits?
With a transparency score of 65/100 (Good), Memphis Beauty Supply Association is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Memphis Beauty Supply Association located?
Memphis Beauty Supply Association is headquartered in Collierville, Tennessee and files with the IRS under EIN 205674192. It is classified under NTEE code B90.
How many years of IRS 990 filings does Memphis Beauty Supply Association have?
Memphis Beauty Supply Association 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 $102K in total revenue.
Why have assets declined so significantly from $91,622 in 2022 to $5,215 currently?
The provided data shows a sharp decline in assets, from $91,622 in 2022 to $48,431 in 2023, and then to the current $5,215. This suggests significant asset utilization or losses that would warrant further investigation into the organization's balance sheet.
What caused the deficit in 2023, where expenses ($192,618) exceeded revenue ($149,427)?
In 2023, the organization spent $43,191 more than it brought in. Without detailed expense categories, it's unclear if this was due to increased program spending, administrative costs, or other factors, but it indicates an unsustainable spending pattern for that period.
How does the organization plan to address the inconsistency in its annual revenue and expenses?
The revenue figures have varied wildly, from $6,000 in 2021 to $198,701 in 2022. This volatility makes financial planning challenging and suggests a need for more stable funding sources or better expense management to match fluctuating income.
Filing History
IRS 990 filing history for Memphis Beauty Supply Association showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Memphis Beauty Supply Association's revenue has declined by 18.3%, moving from $183K to $149K. Total assets increased by 144.2% over the same period, from $20K to $48K. Total functional expenses rose by 11.5%, from $173K to $193K. In its most recent filing year (2023), Memphis Beauty Supply Association reported a deficit of $43K, with expenses exceeding revenue. The organization holds $1 in liabilities against $48K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $48K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $149K | $193K | $48K | $1 | — | View 990 |
| 2022 | $199K | $150K | $92K | $1 | — | View 990 |
| 2021 | $6K | $23K | $43K | $1 | — | View 990 |
| 2020 | $10K | $28K | $60K | $1 | — | View 990 |
| 2019 | $85K | $78K | $78K | $0 | — | View 990 |
| 2015 | $79K | $74K | $113K | $0 | — | View 990 |
| 2014 | $92K | $66K | $108K | $0 | — | View 990 |
| 2013 | $115K | $110K | $82K | $0 | — | View 990 |
| 2012 | $154K | $97K | $77K | $0 | — | View 990 |
| 2011 | $183K | $173K | $20K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $149K, expenses of $193K, and assets of $48K (revenue -24.8% year-over-year).
- 2022: Revenue of $199K, expenses of $150K, and assets of $92K (revenue +3211.7% year-over-year).
- 2021: Revenue of $6K, expenses of $23K, and assets of $43K (revenue -39.4% year-over-year).
- 2020: Revenue of $10K, expenses of $28K, and assets of $60K (revenue -88.3% year-over-year).
- 2019: Revenue of $85K, expenses of $78K, and assets of $78K (revenue +7.1% year-over-year).
- 2015: Revenue of $79K, expenses of $74K, and assets of $113K (revenue -13.9% year-over-year).
- 2014: Revenue of $92K, expenses of $66K, and assets of $108K (revenue -19.7% year-over-year).
- 2013: Revenue of $115K, expenses of $110K, and assets of $82K (revenue -25.7% year-over-year).
- 2012: Revenue of $154K, expenses of $97K, and assets of $77K (revenue -15.7% year-over-year).
- 2011: Revenue of $183K, expenses of $173K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memphis Beauty Supply Association:
Data Sources and Methodology
This transparency report for Memphis Beauty Supply 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.