Memphis Center For Independent Liv
EIN: 621251659 · Memphis, TN
| Metric | Value |
|---|---|
| Total Revenue | $455K |
| Total Expenses | $434K |
| Net Assets | $34K |
Is Memphis Center For Independent Liv Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Memphis Center For Independent Liv
Memphis Center For Independent Liv (EIN: 621251659) is a nonprofit organization based in Memphis, TN. The organization reported total revenue of $455K and total assets of $67K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memphis Center For Independent Liv's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memphis Center For Independent Liv is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $466K |
| Total Expenses | $434K |
| Surplus / Deficit | +$32K |
| Total Assets | $56K |
| Total Liabilities | $22K |
| Net Assets | $34K |
| Operating Margin | 6.8% |
| Debt-to-Asset Ratio | 39.7% |
| Months of Reserves | 1.5 months |
Financial Health Grade: A
In 2023, Memphis Center For Independent Liv reported a surplus of $32K with revenue exceeding expenses, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 39.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Memphis Center For Independent Liv's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.0% | +3.4% | +40.7% |
| 2022 | -5.7% | -2.0% | +9.0% |
| 2021 | -6.8% | -0.8% | -32.6% |
| 2020 | +38.9% | +27.7% | +62.6% |
| 2019 | +0.1% | -5.1% | -36.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Memphis Center For Independent Liv 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 Center For Independent Liv 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 $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.7%.
Frequently Asked Questions about Memphis Center For Independent Liv
Is Memphis Center For Independent Liv a legitimate charity?
Memphis Center For Independent Liv (EIN: 621251659) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $455K. No red flags identified. Financial health grade: A.
How does Memphis Center For Independent Liv spend its money?
Memphis Center For Independent Liv reported $455K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Memphis Center For Independent Liv tax-deductible?
Memphis Center For Independent Liv is registered as a tax-exempt nonprofit (EIN: 621251659). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Memphis Center For Independent Liv located?
Memphis Center For Independent Liv is headquartered in Memphis, Tennessee and files with the IRS under EIN 621251659.
How many years of IRS 990 filings does Memphis Center For Independent Liv have?
Memphis Center For Independent Liv 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 $455K in total revenue.
Filing History
IRS 990 filing history for Memphis Center For Independent Liv showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Memphis Center For Independent Liv's revenue has declined by 22%, moving from $597K to $466K. Total assets decreased by 62.3% over the same period, from $147K to $56K. Total functional expenses fell by 27.4%, from $598K to $434K. In its most recent filing year (2023), Memphis Center For Independent Liv reported a surplus of $32K, with revenue exceeding expenses. The organization holds $22K in liabilities against $56K in assets (debt-to-asset ratio: 39.7%), resulting in net assets of $34K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $466K | $434K | $56K | $22K | — | View 990 |
| 2022 | $398K | $420K | $39K | $37K | — | View 990 |
| 2021 | $422K | $429K | $36K | $12K | — | — |
| 2020 | $453K | $432K | $54K | $23K | — | — |
| 2019 | $326K | $338K | $33K | $24K | — | View 990 |
| 2018 | $326K | $357K | $52K | $30K | — | View 990 |
| 2017 | $588K | $602K | $89K | $36K | — | View 990 |
| 2016 | $867K | $894K | $106K | $40K | — | View 990 |
| 2015 | $1.0M | $1.0M | $142K | $47K | — | View 990 |
| 2014 | $1.1M | $1.1M | $179K | $57K | — | View 990 |
| 2013 | $948K | $920K | $153K | $53K | — | View 990 |
| 2012 | $734K | $742K | $137K | $66K | — | View 990 |
| 2011 | $597K | $598K | $147K | $67K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $466K, expenses of $434K, and assets of $56K (revenue +17.0% year-over-year).
- 2022: Revenue of $398K, expenses of $420K, and assets of $39K (revenue -5.7% year-over-year).
- 2021: Revenue of $422K, expenses of $429K, and assets of $36K (revenue -6.8% year-over-year).
- 2020: Revenue of $453K, expenses of $432K, and assets of $54K (revenue +38.9% year-over-year).
- 2019: Revenue of $326K, expenses of $338K, and assets of $33K (revenue +0.1% year-over-year).
- 2018: Revenue of $326K, expenses of $357K, and assets of $52K (revenue -44.6% year-over-year).
- 2017: Revenue of $588K, expenses of $602K, and assets of $89K (revenue -32.2% year-over-year).
- 2016: Revenue of $867K, expenses of $894K, and assets of $106K (revenue -14.5% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.0M, and assets of $142K (revenue -6.5% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $179K (revenue +14.3% year-over-year).
- 2013: Revenue of $948K, expenses of $920K, and assets of $153K (revenue +29.3% year-over-year).
- 2012: Revenue of $734K, expenses of $742K, and assets of $137K (revenue +22.9% year-over-year).
- 2011: Revenue of $597K, expenses of $598K, and assets of $147K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memphis Center For Independent Liv:
Data Sources and Methodology
This transparency report for Memphis Center For Independent Liv 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.