Memphis Grizzlies Charitable Foundation
Memphis Grizzlies Charitable Foundation consistently operates with no reported officer compensation, maintaining stable finances and growing assets.
EIN: 201356702 · Memphis, TN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $868K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $433K |
| Transparency Score | 92/100 |
Is Memphis Grizzlies Charitable Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memphis Grizzlies Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memphis Grizzlies Charitable Foundation
Memphis Grizzlies Charitable Foundation (EIN: 201356702) is a nonprofit organization based in Memphis, TN, classified under NTEE code T20. The organization reported total revenue of $1.0M and total assets of $805K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memphis Grizzlies Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memphis Grizzlies Charitable Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $859K |
| Total Expenses | $868K |
| Surplus / Deficit | $-8,976 |
| Total Assets | $615K |
| Total Liabilities | $182K |
| Net Assets | $433K |
| Operating Margin | -1.0% |
| Debt-to-Asset Ratio | 29.6% |
| Months of Reserves | 8.5 months |
Financial Health Grade: B
In 2023, Memphis Grizzlies Charitable Foundation reported a deficit of $9K with expenses exceeding revenue, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 29.6% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Memphis Grizzlies Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.0% | +5.8% | +3.4% |
| 2022 | +12.0% | +1.3% | +59.2% |
| 2021 | -16.1% | -46.2% | -8.0% |
| 2020 | -33.7% | -6.9% | -4.8% |
| 2019 | -2.4% | -14.4% | +288.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Grizzlies Charitable Foundation 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Memphis Grizzlies Charitable Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.6%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers. This is highly unusual for an organization of its size, with revenues often exceeding $1 million, and suggests a strong commitment to directing funds towards its charitable programs.
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.
Strengths
The following positive indicators were identified for Memphis Grizzlies Charitable Foundation:
- Consistent 0% officer compensation across all filings, indicating high efficiency in resource allocation.
- Growing asset base, reaching $614,628 in 202306, demonstrating financial stability and capacity.
- Consistent revenue generation, often exceeding $1 million, supporting ongoing operations.
- Long and consistent IRS 990 filing history (10 filings), indicating strong transparency and accountability.
Frequently Asked Questions about Memphis Grizzlies Charitable Foundation
Is Memphis Grizzlies Charitable Foundation a legitimate charity?
Memphis Grizzlies Charitable Foundation (EIN: 201356702) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.0M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Memphis Grizzlies Charitable Foundation spend its money?
Memphis Grizzlies Charitable Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Memphis Grizzlies Charitable Foundation tax-deductible?
Memphis Grizzlies Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 201356702). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Memphis Grizzlies Charitable Foundation CEO make?
Memphis Grizzlies Charitable Foundation's highest-compensated officer earns $1 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Memphis Grizzlies Charitable Foundation's spending goes to programs?
Memphis Grizzlies Charitable Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Memphis Grizzlies Charitable Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Memphis Grizzlies Charitable Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Memphis Grizzlies Charitable Foundation located?
Memphis Grizzlies Charitable Foundation is headquartered in Memphis, Tennessee and files with the IRS under EIN 201356702. It is classified under NTEE code T20.
How many years of IRS 990 filings does Memphis Grizzlies Charitable Foundation have?
Memphis Grizzlies Charitable Foundation 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 $1.0M in total revenue.
Is the Memphis Grizzlies Charitable Foundation a good charity?
Based on the provided data, the Memphis Grizzlies Charitable Foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating that funds are not diverted to executive salaries. Its assets have grown to $614,628 in 202306, and it maintains a consistent revenue stream, suggesting financial stability and a strong commitment to its mission.
How does the organization manage its executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings. This means that no salaries are paid to its officers, which is a significant strength in terms of financial efficiency and resource allocation.
Has the organization's financial health improved over time?
Yes, the organization's assets have shown a positive trend, growing from $395,554 in 201112 to $614,628 in 202306. While revenue fluctuates, the overall asset growth suggests improved financial health and capacity.
Filing History
IRS 990 filing history for Memphis Grizzlies Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Memphis Grizzlies Charitable Foundation's revenue has declined by 68.3%, moving from $2.7M to $859K. Total assets increased by 55.4% over the same period, from $396K to $615K. Total functional expenses fell by 65.1%, from $2.5M to $868K. In its most recent filing year (2023), Memphis Grizzlies Charitable Foundation reported a deficit of $9K, with expenses exceeding revenue. The organization holds $182K in liabilities against $615K in assets (debt-to-asset ratio: 29.6%), resulting in net assets of $433K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $859K | $868K | $615K | $182K | — | — |
| 2022 | $1.1M | $821K | $594K | $153K | — | View 990 |
| 2021 | $984K | $810K | $373K | $213K | — | View 990 |
| 2020 | $1.2M | $1.5M | $406K | $443K | — | View 990 |
| 2019 | $1.8M | $1.6M | $426K | $139K | — | View 990 |
| 2015 | $1.8M | $1.9M | $110K | $54K | — | View 990 |
| 2014 | $431K | $458K | $206K | $74K | — | View 990 |
| 2013 | $883K | $919K | $475K | $316K | — | View 990 |
| 2012 | $1.2M | $1.3M | $430K | $235K | — | View 990 |
| 2011 | $2.7M | $2.5M | $396K | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $859K, expenses of $868K, and assets of $615K (revenue -22.0% year-over-year).
- 2022: Revenue of $1.1M, expenses of $821K, and assets of $594K (revenue +12.0% year-over-year).
- 2021: Revenue of $984K, expenses of $810K, and assets of $373K (revenue -16.1% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.5M, and assets of $406K (revenue -33.7% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.6M, and assets of $426K (revenue -2.4% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.9M, and assets of $110K (revenue +319.8% year-over-year).
- 2014: Revenue of $431K, expenses of $458K, and assets of $206K (revenue -51.1% year-over-year).
- 2013: Revenue of $883K, expenses of $919K, and assets of $475K (revenue -24.6% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.3M, and assets of $430K (revenue -56.8% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.5M, and assets of $396K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memphis Grizzlies Charitable Foundation:
Data Sources and Methodology
This transparency report for Memphis Grizzlies Charitable Foundation 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.