Memphis Equity Through Arts Meta Incorporated
EIN: 814079426 · Memphis, TN · NTEE: A20
| Metric | Value |
|---|---|
| Total Revenue | $971K |
| Total Expenses | $3.7M |
| Net Assets | $3.0M |
Is Memphis Equity Through Arts Meta Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Memphis Equity Through Arts Meta Incorporated
Memphis Equity Through Arts Meta Incorporated (EIN: 814079426) is a nonprofit organization based in Memphis, TN, classified under NTEE code A20. The organization reported total revenue of $971K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memphis Equity Through Arts Meta Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memphis Equity Through Arts Meta Incorporated is a small nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-1,253,416 |
| Total Assets | $3.7M |
| Total Liabilities | $708K |
| Net Assets | $3.0M |
| Operating Margin | -50.6% |
| Debt-to-Asset Ratio | 18.9% |
| Months of Reserves | 12.0 months |
Financial Health Grade: B
In 2023, Memphis Equity Through Arts Meta Incorporated reported a deficit of $1.3M with expenses exceeding revenue, holds 12.0 months of operating reserves (strong position), has a debt-to-asset ratio of 18.9% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Memphis Equity Through Arts Meta Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.6% | -3.8% | -14.9% |
| 2022 | -64.5% | +48.9% | -25.3% |
| 2021 | +193.8% | -4.2% | +339.4% |
| 2020 | -34.9% | -20.5% | -2.9% |
| 2019 | -5.7% | +1.6% | +30.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Memphis Equity Through Arts Meta Incorporated 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 Equity Through Arts Meta Incorporated 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 $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.9%.
Frequently Asked Questions about Memphis Equity Through Arts Meta Incorporated
Is Memphis Equity Through Arts Meta Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Memphis Equity Through Arts Meta Incorporated (EIN: 814079426) insufficient data. 0 red flags identified, 0 strengths noted.
How does Memphis Equity Through Arts Meta Incorporated spend its money?
Detailed spending breakdown data is not yet available for Memphis Equity Through Arts Meta Incorporated. Check back for updated IRS 990 analysis.
Are donations to Memphis Equity Through Arts Meta Incorporated tax-deductible?
Memphis Equity Through Arts Meta Incorporated is registered as a tax-exempt nonprofit (EIN: 814079426). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Memphis Equity Through Arts Meta Incorporated located?
Memphis Equity Through Arts Meta Incorporated is headquartered in Memphis, Tennessee and files with the IRS under EIN 814079426. It is classified under NTEE code A20.
How many years of IRS 990 filings does Memphis Equity Through Arts Meta Incorporated have?
Memphis Equity Through Arts Meta Incorporated has 7 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 $971K in total revenue.
Filing History
IRS 990 filing history for Memphis Equity Through Arts Meta Incorporated showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Memphis Equity Through Arts Meta Incorporated's revenue has declined by 47.9%, moving from $4.8M to $2.5M. Total assets increased by 308.7% over the same period, from $914K to $3.7M. Total functional expenses fell by 15.7%, from $4.4M to $3.7M. In its most recent filing year (2023), Memphis Equity Through Arts Meta Incorporated reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $708K in liabilities against $3.7M in assets (debt-to-asset ratio: 18.9%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $3.7M | $3.7M | $708K | — | — |
| 2022 | $2.5M | $3.9M | $4.4M | $123K | — | View 990 |
| 2021 | $7.2M | $2.6M | $5.9M | $234K | — | View 990 |
| 2020 | $2.4M | $2.7M | $1.3M | $255K | — | — |
| 2019 | $3.7M | $3.4M | $1.4M | $14K | — | View 990 |
| 2018 | $4.0M | $3.4M | $1.1M | $20K | — | View 990 |
| 2017 | $4.8M | $4.4M | $914K | $482K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $3.7M, and assets of $3.7M (revenue -2.6% year-over-year).
- 2022: Revenue of $2.5M, expenses of $3.9M, and assets of $4.4M (revenue -64.5% year-over-year).
- 2021: Revenue of $7.2M, expenses of $2.6M, and assets of $5.9M (revenue +193.8% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.7M, and assets of $1.3M (revenue -34.9% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.4M, and assets of $1.4M (revenue -5.7% year-over-year).
- 2018: Revenue of $4.0M, expenses of $3.4M, and assets of $1.1M (revenue -16.6% year-over-year).
- 2017: Revenue of $4.8M, expenses of $4.4M, and assets of $914K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memphis Equity Through Arts Meta Incorporated:
Data Sources and Methodology
This transparency report for Memphis Equity Through Arts Meta Incorporated 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.