Memphis Pride Inc
Memphis Pride Inc. consistently operates near break-even with unpaid leadership, directing most funds to its mission.
EIN: 204181606 · Germantown, TN · NTEE: O50 · Updated: 2026-03-28
Is Memphis Pride Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memphis Pride Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memphis Pride Inc
Memphis Pride Inc (EIN: 204181606) is a nonprofit organization based in Germantown, TN, classified under NTEE code O50. The organization reported total revenue of $174K and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memphis Pride Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Memphis Pride Inc with a Mission Score of 85 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 Pride Inc 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are unpaid, which is highly commendable for an organization of its size with revenues up to $197,864.
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.
Red Flags
The following concerns were identified during AI analysis of Memphis Pride Inc's IRS 990 filings:
- Frequent operation at or near break-even, limiting reserve building for future stability or expansion.
Strengths
The following positive indicators were identified for Memphis Pride Inc:
- Consistent 0% officer compensation, maximizing funds for programs.
- No reported liabilities across all available filings, indicating strong financial management.
- Transparent with a consistent history of 12 IRS 990 filings.
- Significant revenue growth in recent years, from $52,427 in 2021 to $197,864 in 2023.
Frequently Asked Questions about Memphis Pride Inc
Is Memphis Pride Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Memphis Pride Inc (EIN: 204181606) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Memphis Pride Inc spend its money?
Memphis Pride Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Memphis Pride Inc tax-deductible?
Memphis Pride Inc is registered as a tax-exempt nonprofit (EIN: 204181606). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Memphis Pride Inc. a good charity?
Based on the available data, Memphis Pride Inc. appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission. Its financial operations are transparent with regular IRS 990 filings, and it maintains a healthy balance sheet with no reported liabilities.
How has Memphis Pride Inc.'s revenue trended over time?
Memphis Pride Inc.'s revenue has fluctuated, showing growth in recent years. It was $50,628 in 2018, dipped to $52,427 in 2021, and then significantly increased to $99,797 in 2022 and $197,864 in 2023, indicating substantial recent growth.
Does Memphis Pride Inc. have significant financial reserves?
No, Memphis Pride Inc. does not appear to have significant financial reserves. Its assets have generally remained low, with the latest reported assets at $5,446 and a peak of $20,658 in 2019, suggesting that most revenue is spent annually on programs rather than accumulated.
Filing History
IRS 990 filing history for Memphis Pride Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Memphis Pride Inc's revenue has grown by 169.4%, moving from $73K to $198K. Total assets increased by 545100% over the same period, from $1 to $5K. Total functional expenses rose by 171.8%, from $73K to $200K. In its most recent filing year (2023), Memphis Pride Inc reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $198K | $200K | $5K | $0 | — | View 990 |
| 2022 | $100K | $97K | $7K | $0 | — | View 990 |
| 2021 | $52K | $59K | $4K | $0 | — | View 990 |
| 2019 | $70K | $70K | $21K | $0 | — | View 990 |
| 2018 | $51K | $51K | $13K | $0 | — | View 990 |
| 2017 | $78K | $78K | $9K | $0 | — | View 990 |
| 2016 | $64K | $64K | $2K | $0 | — | View 990 |
| 2015 | $105K | $105K | $100 | $0 | — | View 990 |
| 2014 | $104K | $104K | $1 | $0 | — | View 990 |
| 2013 | $132K | $132K | $1 | $0 | — | View 990 |
| 2012 | $42K | $42K | $0 | $0 | — | View 990 |
| 2011 | $73K | $73K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $198K, expenses of $200K, and assets of $5K (revenue +98.3% year-over-year).
- 2022: Revenue of $100K, expenses of $97K, and assets of $7K (revenue +90.4% year-over-year).
- 2021: Revenue of $52K, expenses of $59K, and assets of $4K (revenue -24.7% year-over-year).
- 2019: Revenue of $70K, expenses of $70K, and assets of $21K (revenue +37.5% year-over-year).
- 2018: Revenue of $51K, expenses of $51K, and assets of $13K (revenue -35.5% year-over-year).
- 2017: Revenue of $78K, expenses of $78K, and assets of $9K (revenue +21.8% year-over-year).
- 2016: Revenue of $64K, expenses of $64K, and assets of $2K (revenue -38.4% year-over-year).
- 2015: Revenue of $105K, expenses of $105K, and assets of $100 (revenue +0.4% year-over-year).
- 2014: Revenue of $104K, expenses of $104K, and assets of $1 (revenue -21.3% year-over-year).
- 2013: Revenue of $132K, expenses of $132K, and assets of $1 (revenue +216.0% year-over-year).
- 2012: Revenue of $42K, expenses of $42K, and assets of $0 (revenue -42.9% year-over-year).
- 2011: Revenue of $73K, expenses of $73K, and assets of $1.
Data Sources and Methodology
This transparency report for Memphis Pride 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.