Mystic Society Of The Memphi Inc
EIN: 581578111 · Memphis, TN
| Metric | Value |
|---|---|
| Total Revenue | $364K |
| Total Expenses | $349K |
| Net Assets | $307K |
Is Mystic Society Of The Memphi Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mystic Society Of The Memphi Inc
Mystic Society Of The Memphi Inc (EIN: 581578111) is a nonprofit organization based in Memphis, TN. The organization reported total revenue of $364K and total assets of $344K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mystic Society Of The Memphi Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mystic Society Of The Memphi Inc is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $352K |
| Total Expenses | $349K |
| Surplus / Deficit | +$3K |
| Total Assets | $308K |
| Total Liabilities | $550 |
| Net Assets | $307K |
| Operating Margin | 0.9% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 10.6 months |
Financial Health Grade: A
In 2023, Mystic Society Of The Memphi Inc reported a surplus of $3K with revenue exceeding expenses, holds 10.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mystic Society Of The Memphi Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.6% | +5.5% | +1.1% |
| 2022 | +82.3% | +86.9% | -3.0% |
| 2021 | -16.4% | +28.8% | -0.2% |
| 2020 | -30.9% | -50.4% | +30.4% |
| 2019 | +7.5% | +16.9% | +13.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mystic Society Of The Memphi Inc 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 Mystic Society Of The Memphi Inc 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 $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Mystic Society Of The Memphi Inc
Is Mystic Society Of The Memphi Inc a legitimate charity?
Mystic Society Of The Memphi Inc (EIN: 581578111) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $364K. No red flags identified. Financial health grade: A.
How does Mystic Society Of The Memphi Inc spend its money?
Mystic Society Of The Memphi Inc reported $364K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mystic Society Of The Memphi Inc tax-deductible?
Mystic Society Of The Memphi Inc is registered as a tax-exempt nonprofit (EIN: 581578111). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mystic Society Of The Memphi Inc located?
Mystic Society Of The Memphi Inc is headquartered in Memphis, Tennessee and files with the IRS under EIN 581578111.
How many years of IRS 990 filings does Mystic Society Of The Memphi Inc have?
Mystic Society Of The Memphi 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 $364K in total revenue.
Filing History
IRS 990 filing history for Mystic Society Of The Memphi Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mystic Society Of The Memphi Inc's revenue has grown by 50.5%, moving from $234K to $352K. Total assets increased by 124.6% over the same period, from $137K to $308K. Total functional expenses rose by 54.4%, from $226K to $349K. In its most recent filing year (2023), Mystic Society Of The Memphi Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $550 in liabilities against $308K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $307K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $352K | $349K | $308K | $550 | — | View 990 |
| 2022 | $321K | $330K | $305K | $550 | — | View 990 |
| 2021 | $176K | $177K | $314K | $550 | — | — |
| 2020 | $211K | $137K | $315K | $550 | — | — |
| 2019 | $305K | $277K | $241K | $700 | — | View 990 |
| 2018 | $284K | $237K | $213K | $0 | — | View 990 |
| 2017 | $238K | $218K | $166K | $0 | — | View 990 |
| 2016 | $228K | $205K | $146K | $0 | — | View 990 |
| 2015 | $213K | $198K | $123K | $0 | — | View 990 |
| 2014 | $207K | $204K | $108K | $2K | — | View 990 |
| 2013 | $197K | $244K | $103K | $0 | — | View 990 |
| 2012 | $222K | $207K | $150K | $0 | — | View 990 |
| 2011 | $234K | $226K | $137K | $2K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $352K, expenses of $349K, and assets of $308K (revenue +9.6% year-over-year).
- 2022: Revenue of $321K, expenses of $330K, and assets of $305K (revenue +82.3% year-over-year).
- 2021: Revenue of $176K, expenses of $177K, and assets of $314K (revenue -16.4% year-over-year).
- 2020: Revenue of $211K, expenses of $137K, and assets of $315K (revenue -30.9% year-over-year).
- 2019: Revenue of $305K, expenses of $277K, and assets of $241K (revenue +7.5% year-over-year).
- 2018: Revenue of $284K, expenses of $237K, and assets of $213K (revenue +19.2% year-over-year).
- 2017: Revenue of $238K, expenses of $218K, and assets of $166K (revenue +4.4% year-over-year).
- 2016: Revenue of $228K, expenses of $205K, and assets of $146K (revenue +7.1% year-over-year).
- 2015: Revenue of $213K, expenses of $198K, and assets of $123K (revenue +2.6% year-over-year).
- 2014: Revenue of $207K, expenses of $204K, and assets of $108K (revenue +5.4% year-over-year).
- 2013: Revenue of $197K, expenses of $244K, and assets of $103K (revenue -11.6% year-over-year).
- 2012: Revenue of $222K, expenses of $207K, and assets of $150K (revenue -4.9% year-over-year).
- 2011: Revenue of $234K, expenses of $226K, and assets of $137K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mystic Society Of The Memphi Inc:
Data Sources and Methodology
This transparency report for Mystic Society Of The Memphi 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.