Memphis Lift Parent Institute
EIN: 822560581 · Memphis, TN · NTEE: B01
| Metric | Value |
|---|---|
| Total Revenue | $552K |
| Total Expenses | $986K |
| Net Assets | $3.8M |
Is Memphis Lift Parent Institute Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Memphis Lift Parent Institute
Memphis Lift Parent Institute (EIN: 822560581) is a nonprofit organization based in Memphis, TN, classified under NTEE code B01. The organization reported total revenue of $552K and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memphis Lift Parent Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memphis Lift Parent Institute is a small nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 26.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $986K |
| Surplus / Deficit | +$555K |
| Total Assets | $4.3M |
| Total Liabilities | $472K |
| Net Assets | $3.8M |
| Operating Margin | 36.0% |
| Debt-to-Asset Ratio | 11.1% |
| Months of Reserves | 51.9 months |
Financial Health Grade: A
In 2023, Memphis Lift Parent Institute reported a surplus of $555K with revenue exceeding expenses, holds 51.9 months of operating reserves (strong position), has a debt-to-asset ratio of 11.1% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Memphis Lift Parent Institute's revenue has grown at a compound annual growth rate (CAGR) of 26.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.6% | +42.5% | +31.1% |
| 2022 | +163.0% | +15.5% | +92.1% |
| 2021 | +52.5% | +9.1% | +17.9% |
| 2020 | -49.0% | -31.7% | +0.0% |
| 2019 | -19.9% | +30.9% | +26.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Memphis Lift Parent Institute 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 Lift Parent Institute 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 $555K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.1%.
Frequently Asked Questions about Memphis Lift Parent Institute
Is Memphis Lift Parent Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Memphis Lift Parent Institute (EIN: 822560581) insufficient data. 0 red flags identified, 0 strengths noted.
How does Memphis Lift Parent Institute spend its money?
Detailed spending breakdown data is not yet available for Memphis Lift Parent Institute. Check back for updated IRS 990 analysis.
Are donations to Memphis Lift Parent Institute tax-deductible?
Memphis Lift Parent Institute is registered as a tax-exempt nonprofit (EIN: 822560581). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Memphis Lift Parent Institute located?
Memphis Lift Parent Institute is headquartered in Memphis, Tennessee and files with the IRS under EIN 822560581. It is classified under NTEE code B01.
How many years of IRS 990 filings does Memphis Lift Parent Institute have?
Memphis Lift Parent Institute 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 $552K in total revenue.
Filing History
IRS 990 filing history for Memphis Lift Parent Institute showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Memphis Lift Parent Institute's revenue has grown by 310.7%, moving from $375K to $1.5M. Total assets increased by 1036.2% over the same period, from $375K to $4.3M. In its most recent filing year (2023), Memphis Lift Parent Institute reported a surplus of $555K, with revenue exceeding expenses. The organization holds $472K in liabilities against $4.3M in assets (debt-to-asset ratio: 11.1%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $986K | $4.3M | $472K | — | — |
| 2022 | $2.3M | $692K | $3.3M | $0 | — | View 990 |
| 2021 | $856K | $599K | $1.7M | $235 | — | View 990 |
| 2020 | $561K | $549K | $1.4M | $235 | — | View 990 |
| 2019 | $1.1M | $804K | $1.4M | $234 | — | View 990 |
| 2018 | $1.4M | $614K | $1.1M | $0 | — | View 990 |
| 2017 | $375K | $0 | $375K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $986K, and assets of $4.3M (revenue -31.6% year-over-year).
- 2022: Revenue of $2.3M, expenses of $692K, and assets of $3.3M (revenue +163.0% year-over-year).
- 2021: Revenue of $856K, expenses of $599K, and assets of $1.7M (revenue +52.5% year-over-year).
- 2020: Revenue of $561K, expenses of $549K, and assets of $1.4M (revenue -49.0% year-over-year).
- 2019: Revenue of $1.1M, expenses of $804K, and assets of $1.4M (revenue -19.9% year-over-year).
- 2018: Revenue of $1.4M, expenses of $614K, and assets of $1.1M (revenue +266.7% year-over-year).
- 2017: Revenue of $375K, expenses of $0, and assets of $375K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memphis Lift Parent Institute:
Data Sources and Methodology
This transparency report for Memphis Lift Parent Institute 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.