Memphis Grizzlies Preparatory Charter School Inc
Memphis Grizzlies Preparatory Charter School Inc consistently maintains financial stability with growing assets and no reported officer compensation.
EIN: 200028219 · Memphis, TN · NTEE: B25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $5.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2.5 |
| Net Assets | $2.6M |
| Transparency Score | 92/100 |
Is Memphis Grizzlies Preparatory Charter School Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memphis Grizzlies Preparatory Charter School Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memphis Grizzlies Preparatory Charter School Inc
Memphis Grizzlies Preparatory Charter School Inc (EIN: 200028219) is a nonprofit organization based in Memphis, TN, classified under NTEE code B25. The organization reported total revenue of $4.6M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memphis Grizzlies Preparatory Charter School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memphis Grizzlies Preparatory Charter School Inc is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 33.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $5.1M |
| Surplus / Deficit | +$22K |
| Total Assets | $2.9M |
| Total Liabilities | $287K |
| Net Assets | $2.6M |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 10.0% |
| Months of Reserves | 6.8 months |
Financial Health Grade: A
In 2024, Memphis Grizzlies Preparatory Charter School Inc reported a surplus of $22K with revenue exceeding expenses, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 10.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Memphis Grizzlies Preparatory Charter School Inc's revenue has grown at a compound annual growth rate (CAGR) of 33.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -6.0% | -4.1% | -4.4% |
| 2023 | +0.1% | +7.3% | -28.7% |
| 2022 | +33.8% | +21.6% | +97.6% |
| 2021 | -8.3% | +8.3% | -8.0% |
| 2020 | +13.8% | -0.7% | +46.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Preparatory Charter School Inc 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 Grizzlies Preparatory Charter School Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a strong commitment to directing all available funds towards the organization's mission, which is highly favorable for a nonprofit of its size with revenues consistently above $2.5 million.
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 Preparatory Charter School Inc:
- Consistent revenue growth over the past decade, from $2.5M in 2015 to over $5.1M in 2024.
- Steady increase in assets, demonstrating financial stability and capacity building.
- Zero reported officer compensation across all filings, indicating high efficiency in directing funds to mission.
- Low liabilities relative to assets, suggesting responsible financial management and minimal debt burden.
- Consistent positive net income (revenue exceeding expenses) in most periods, contributing to asset growth.
Frequently Asked Questions about Memphis Grizzlies Preparatory Charter School Inc
Is Memphis Grizzlies Preparatory Charter School Inc a legitimate charity?
Memphis Grizzlies Preparatory Charter School Inc (EIN: 200028219) 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: $4.6M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Memphis Grizzlies Preparatory Charter School Inc spend its money?
Memphis Grizzlies Preparatory Charter School Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Memphis Grizzlies Preparatory Charter School Inc tax-deductible?
Memphis Grizzlies Preparatory Charter School Inc is registered as a tax-exempt nonprofit (EIN: 200028219). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Memphis Grizzlies Preparatory Charter School Inc CEO make?
Memphis Grizzlies Preparatory Charter School Inc's highest-compensated officer earns $2.5 annually. The organization reported $4.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Memphis Grizzlies Preparatory Charter School Inc's spending goes to programs?
Memphis Grizzlies Preparatory Charter School Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Memphis Grizzlies Preparatory Charter School Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Memphis Grizzlies Preparatory Charter School Inc is above average for NTEE category B25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Memphis Grizzlies Preparatory Charter School Inc located?
Memphis Grizzlies Preparatory Charter School Inc is headquartered in Memphis, Tennessee and files with the IRS under EIN 200028219. It is classified under NTEE code B25.
How many years of IRS 990 filings does Memphis Grizzlies Preparatory Charter School Inc have?
Memphis Grizzlies Preparatory Charter School Inc 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 $4.6M in total revenue.
Is Memphis Grizzlies Preparatory Charter School Inc a good charity?
Based on the provided financial data, Memphis Grizzlies Preparatory Charter School Inc appears to be a well-managed and financially healthy organization. Its consistent revenue growth, asset accumulation, low liabilities, and 0% officer compensation are strong indicators of a good charity.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth and stability. Revenue has steadily increased from $2,509,919 in 201506 to $5,137,775 in 202406, and assets have grown from $885,594 to $2,879,831 over the same period, indicating robust financial management.
What is the trend in the organization's net assets?
Net assets have shown a positive upward trend. For example, in 202406, assets were $2,879,831 and liabilities were $287,034, resulting in net assets of $2,592,797. This consistent growth in net assets, from $302,990 in 201506, indicates strong financial stewardship.
Filing History
IRS 990 filing history for Memphis Grizzlies Preparatory Charter School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Memphis Grizzlies Preparatory Charter School Inc's revenue has grown by 3193.4%, moving from $156K to $5.1M. Total assets increased by 10347.4% over the same period, from $28K to $2.9M. Total functional expenses rose by 3327.1%, from $149K to $5.1M. In its most recent filing year (2024), Memphis Grizzlies Preparatory Charter School Inc reported a surplus of $22K, with revenue exceeding expenses. The organization holds $287K in liabilities against $2.9M in assets (debt-to-asset ratio: 10.0%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $5.1M | $5.1M | $2.9M | $287K | — | View 990 |
| 2023 | $5.5M | $5.3M | $3.0M | $442K | — | View 990 |
| 2022 | $5.5M | $5.0M | $4.2M | $1.8M | — | View 990 |
| 2021 | $4.1M | $4.1M | $2.1M | $193K | — | View 990 |
| 2020 | $4.4M | $3.8M | $2.3M | $373K | — | View 990 |
| 2019 | $3.9M | $3.8M | $1.6M | $307K | — | View 990 |
| 2018 | $3.3M | $3.4M | $1.5M | $340K | — | View 990 |
| 2017 | $3.0M | $2.5M | $1.5M | $314K | — | View 990 |
| 2016 | $2.7M | $2.4M | $1.1M | $466K | — | View 990 |
| 2015 | $2.5M | $2.1M | $886K | $583K | — | View 990 |
| 2014 | $1.9M | $1.9M | $426K | $295K | — | View 990 |
| 2013 | $1.2M | $1.1M | $268K | $100K | — | View 990 |
| 2012 | $156K | $149K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $5.1M, expenses of $5.1M, and assets of $2.9M (revenue -6.0% year-over-year).
- 2023: Revenue of $5.5M, expenses of $5.3M, and assets of $3.0M (revenue +0.1% year-over-year).
- 2022: Revenue of $5.5M, expenses of $5.0M, and assets of $4.2M (revenue +33.8% year-over-year).
- 2021: Revenue of $4.1M, expenses of $4.1M, and assets of $2.1M (revenue -8.3% year-over-year).
- 2020: Revenue of $4.4M, expenses of $3.8M, and assets of $2.3M (revenue +13.8% year-over-year).
- 2019: Revenue of $3.9M, expenses of $3.8M, and assets of $1.6M (revenue +16.9% year-over-year).
- 2018: Revenue of $3.3M, expenses of $3.4M, and assets of $1.5M (revenue +10.5% year-over-year).
- 2017: Revenue of $3.0M, expenses of $2.5M, and assets of $1.5M (revenue +10.9% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.4M, and assets of $1.1M (revenue +8.7% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.1M, and assets of $886K (revenue +35.1% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.9M, and assets of $426K (revenue +50.0% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $268K (revenue +694.2% year-over-year).
- 2012: Revenue of $156K, expenses of $149K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memphis Grizzlies Preparatory Charter School Inc:
Data Sources and Methodology
This transparency report for Memphis Grizzlies Preparatory Charter School Inc 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.