Memphis Heritage Incorporated
EIN: 621135539 · Memphis, TN · NTEE: A82Z
| Metric | Value |
|---|---|
| Total Revenue | $339K |
| Total Expenses | $48K |
| Net Assets | $1.1M |
Is Memphis Heritage 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 Heritage Incorporated
Memphis Heritage Incorporated (EIN: 621135539) is a nonprofit organization based in Memphis, TN, classified under NTEE code A82Z. The organization reported total revenue of $339K and total assets of $988K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memphis Heritage Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memphis Heritage Incorporated is a small nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -8.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $37K |
| Total Expenses | $48K |
| Surplus / Deficit | $-10,882 |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | -29.5% |
| Months of Reserves | 281.8 months |
Financial Health Grade: B
In 2024, Memphis Heritage Incorporated reported a deficit of $11K with expenses exceeding revenue, holds 281.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2024), Memphis Heritage Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -66.8% | -81.7% | +10.8% |
| 2023 | -55.4% | -4.3% | -35.2% |
| 2022 | +80.6% | +95.1% | -7.1% |
| 2021 | +87.6% | -13.5% | -1.2% |
| 2019 | +36.3% | -2.0% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Memphis Heritage 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 Heritage 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
Frequently Asked Questions about Memphis Heritage Incorporated
Is Memphis Heritage Incorporated a legitimate charity?
Memphis Heritage Incorporated (EIN: 621135539) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $339K. No red flags identified. Financial health grade: B.
How does Memphis Heritage Incorporated spend its money?
Memphis Heritage Incorporated reported $339K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Memphis Heritage Incorporated tax-deductible?
Memphis Heritage Incorporated is registered as a tax-exempt nonprofit (EIN: 621135539). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Memphis Heritage Incorporated located?
Memphis Heritage Incorporated is headquartered in Memphis, Tennessee and files with the IRS under EIN 621135539. It is classified under NTEE code A82Z.
How many years of IRS 990 filings does Memphis Heritage Incorporated have?
Memphis Heritage Incorporated 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 $339K in total revenue.
Filing History
IRS 990 filing history for Memphis Heritage Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Memphis Heritage Incorporated's revenue has declined by 66.2%, moving from $109K to $37K. Total assets decreased by 6.1% over the same period, from $1.2M to $1.1M. Total functional expenses fell by 69.8%, from $158K to $48K. In its most recent filing year (2024), Memphis Heritage Incorporated reported a deficit of $11K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $37K | $48K | $1.1M | $0 | — | — |
| 2023 | $111K | $261K | $1.0M | $0 | — | View 990 |
| 2022 | $249K | $273K | $1.6M | $203 | — | View 990 |
| 2021 | $138K | $140K | $1.7M | $0 | — | View 990 |
| 2019 | $73K | $162K | $1.7M | $3K | — | View 990 |
| 2018 | $54K | $165K | $1.8M | $4K | — | — |
| 2017 | $73K | $156K | $1.9M | $5K | — | View 990 |
| 2016 | $81K | $170K | $1.9M | $6K | — | View 990 |
| 2015 | $1.1M | $153K | $2.0M | $56K | — | View 990 |
| 2014 | $113K | $145K | $1.1M | $24K | — | View 990 |
| 2013 | $64K | $143K | $1.1M | $15K | — | View 990 |
| 2012 | $122K | $156K | $1.2M | $586 | — | View 990 |
| 2011 | $109K | $158K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $37K, expenses of $48K, and assets of $1.1M (revenue -66.8% year-over-year).
- 2023: Revenue of $111K, expenses of $261K, and assets of $1.0M (revenue -55.4% year-over-year).
- 2022: Revenue of $249K, expenses of $273K, and assets of $1.6M (revenue +80.6% year-over-year).
- 2021: Revenue of $138K, expenses of $140K, and assets of $1.7M (revenue +87.6% year-over-year).
- 2019: Revenue of $73K, expenses of $162K, and assets of $1.7M (revenue +36.3% year-over-year).
- 2018: Revenue of $54K, expenses of $165K, and assets of $1.8M (revenue -26.2% year-over-year).
- 2017: Revenue of $73K, expenses of $156K, and assets of $1.9M (revenue -9.6% year-over-year).
- 2016: Revenue of $81K, expenses of $170K, and assets of $1.9M (revenue -92.6% year-over-year).
- 2015: Revenue of $1.1M, expenses of $153K, and assets of $2.0M (revenue +869.9% year-over-year).
- 2014: Revenue of $113K, expenses of $145K, and assets of $1.1M (revenue +76.3% year-over-year).
- 2013: Revenue of $64K, expenses of $143K, and assets of $1.1M (revenue -47.6% year-over-year).
- 2012: Revenue of $122K, expenses of $156K, and assets of $1.2M (revenue +12.0% year-over-year).
- 2011: Revenue of $109K, expenses of $158K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memphis Heritage Incorporated:
Data Sources and Methodology
This transparency report for Memphis Heritage 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.