Memphis Business Academy
Memphis Business Academy shows consistent revenue growth and no reported officer compensation over the past decade.
EIN: 201195290 · Memphis, TN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $25.7M |
| Total Expenses | $23.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $25 |
| Net Assets | $22.4M |
| Transparency Score | 92/100 |
Is Memphis Business Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memphis Business Academy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memphis Business Academy
Memphis Business Academy (EIN: 201195290) is a nonprofit organization based in Memphis, TN, classified under NTEE code B29. The organization reported total revenue of $25.7M and total assets of $41.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memphis Business Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memphis Business Academy is a large nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.4M |
| Total Expenses | $23.5M |
| Surplus / Deficit | +$2.0M |
| Total Assets | $39.4M |
| Total Liabilities | $17.0M |
| Net Assets | $22.4M |
| Operating Margin | 7.7% |
| Debt-to-Asset Ratio | 43.2% |
| Months of Reserves | 20.1 months |
Financial Health Grade: A
In 2023, Memphis Business Academy reported a surplus of $2.0M with revenue exceeding expenses, holds 20.1 months of operating reserves (strong position), has a debt-to-asset ratio of 43.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Memphis Business Academy's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +18.4% | -12.7% |
| 2022 | +15.2% | +17.1% | +51.0% |
| 2021 | +12.0% | +1.4% | +13.4% |
| 2020 | +14.0% | +11.3% | +23.9% |
| 2019 | +16.9% | +10.4% | +35.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Business Academy with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Memphis Business Academy allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $2.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.2%.
Executive Compensation Analysis
Memphis Business Academy consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no salaries or other compensation are paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with over $25 million in annual 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 Business Academy's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or through related entities not immediately apparent on the 990.
Strengths
The following positive indicators were identified for Memphis Business Academy:
- Consistent and strong revenue growth, increasing from $6.8M in 2014 to $25.4M in 2023.
- Healthy asset base of $39.3M in 2023, significantly exceeding liabilities.
- Positive net income (revenue exceeding expenses) in most reported years, contributing to asset growth.
- No reported officer compensation across all 13 filings, suggesting resources are directed away from executive salaries.
- Strong financial stability and capacity for program expansion, evidenced by growing assets and consistent surpluses.
Frequently Asked Questions about Memphis Business Academy
Is Memphis Business Academy a legitimate charity?
Memphis Business Academy (EIN: 201195290) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $25.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Memphis Business Academy spend its money?
Memphis Business Academy directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Memphis Business Academy tax-deductible?
Memphis Business Academy is registered as a tax-exempt nonprofit (EIN: 201195290). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Memphis Business Academy CEO make?
Memphis Business Academy's highest-compensated officer earns $25 annually. The organization reported $25.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Memphis Business Academy's spending goes to programs?
Memphis Business Academy directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Memphis Business Academy compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Memphis Business Academy is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Memphis Business Academy located?
Memphis Business Academy is headquartered in Memphis, Tennessee and files with the IRS under EIN 201195290. It is classified under NTEE code B29.
How many years of IRS 990 filings does Memphis Business Academy have?
Memphis Business Academy has 13 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 $25.7M in total revenue.
Is Memphis Business Academy a good charity?
Based on its financial data, Memphis Business Academy appears to be a well-managed organization with strong financial health, consistent revenue growth, and no reported officer compensation, suggesting a high dedication to its mission.
How has Memphis Business Academy's revenue grown over time?
Memphis Business Academy has shown significant revenue growth, increasing from $6,889,693 in 2014 to $25,443,148 in 2023, demonstrating a consistent upward trend.
What is the organization's asset-to-liability ratio?
For the fiscal period ending June 2023, Memphis Business Academy had assets of $39,379,607 and liabilities of $17,016,890, resulting in an asset-to-liability ratio of approximately 2.31:1, indicating a healthy financial position.
Filing History
IRS 990 filing history for Memphis Business Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Memphis Business Academy's revenue has grown by 354.2%, moving from $5.6M to $25.4M. Total assets increased by 899.3% over the same period, from $3.9M to $39.4M. Total functional expenses rose by 340.3%, from $5.3M to $23.5M. In its most recent filing year (2023), Memphis Business Academy reported a surplus of $2.0M, with revenue exceeding expenses. The organization holds $17.0M in liabilities against $39.4M in assets (debt-to-asset ratio: 43.2%), resulting in net assets of $22.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25.4M | $23.5M | $39.4M | $17.0M | — | View 990 |
| 2022 | $24.6M | $19.8M | $45.1M | $24.8M | — | View 990 |
| 2021 | $21.3M | $16.9M | $29.9M | $14.5M | — | View 990 |
| 2020 | $19.1M | $16.7M | $26.3M | $15.4M | — | View 990 |
| 2019 | $16.7M | $15.0M | $21.3M | $12.6M | — | View 990 |
| 2018 | $14.3M | $13.6M | $15.7M | $8.7M | — | View 990 |
| 2017 | $12.4M | $11.0M | $12.1M | $5.9M | — | View 990 |
| 2016 | $9.4M | $8.5M | $11.0M | $6.2M | — | View 990 |
| 2015 | $8.8M | $7.8M | $7.7M | $4.0M | — | View 990 |
| 2014 | $6.9M | $6.5M | $6.3M | $3.6M | — | View 990 |
| 2013 | $6.7M | $6.5M | $4.2M | $1.8M | — | View 990 |
| 2012 | $6.1M | $5.8M | $4.0M | $1.9M | — | View 990 |
| 2011 | $5.6M | $5.3M | $3.9M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.4M, expenses of $23.5M, and assets of $39.4M (revenue +3.5% year-over-year).
- 2022: Revenue of $24.6M, expenses of $19.8M, and assets of $45.1M (revenue +15.2% year-over-year).
- 2021: Revenue of $21.3M, expenses of $16.9M, and assets of $29.9M (revenue +12.0% year-over-year).
- 2020: Revenue of $19.1M, expenses of $16.7M, and assets of $26.3M (revenue +14.0% year-over-year).
- 2019: Revenue of $16.7M, expenses of $15.0M, and assets of $21.3M (revenue +16.9% year-over-year).
- 2018: Revenue of $14.3M, expenses of $13.6M, and assets of $15.7M (revenue +15.0% year-over-year).
- 2017: Revenue of $12.4M, expenses of $11.0M, and assets of $12.1M (revenue +32.3% year-over-year).
- 2016: Revenue of $9.4M, expenses of $8.5M, and assets of $11.0M (revenue +6.2% year-over-year).
- 2015: Revenue of $8.8M, expenses of $7.8M, and assets of $7.7M (revenue +28.3% year-over-year).
- 2014: Revenue of $6.9M, expenses of $6.5M, and assets of $6.3M (revenue +2.9% year-over-year).
- 2013: Revenue of $6.7M, expenses of $6.5M, and assets of $4.2M (revenue +10.0% year-over-year).
- 2012: Revenue of $6.1M, expenses of $5.8M, and assets of $4.0M (revenue +8.6% year-over-year).
- 2011: Revenue of $5.6M, expenses of $5.3M, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memphis Business Academy:
Data Sources and Methodology
This transparency report for Memphis Business Academy 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.