South Memphis Alliance Incorporated
EIN: 621512543 · Memphis, TN · NTEE: S22
| Metric | Value |
|---|---|
| Total Revenue | $799K |
| Total Expenses | $826K |
| Net Assets | $1.9M |
Is South Memphis Alliance Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About South Memphis Alliance Incorporated
South Memphis Alliance Incorporated (EIN: 621512543) is a nonprofit organization based in Memphis, TN, classified under NTEE code S22. The organization reported total revenue of $799K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Memphis Alliance Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Memphis Alliance Incorporated is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $797K |
| Total Expenses | $826K |
| Surplus / Deficit | $-28,507 |
| Total Assets | $2.0M |
| Total Liabilities | $117K |
| Net Assets | $1.9M |
| Operating Margin | -3.6% |
| Debt-to-Asset Ratio | 5.8% |
| Months of Reserves | 29.3 months |
Financial Health Grade: B
In 2023, South Memphis Alliance Incorporated reported a deficit of $29K with expenses exceeding revenue, holds 29.3 months of operating reserves (strong position), has a debt-to-asset ratio of 5.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), South Memphis Alliance Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.5% | +74.4% | -13.5% |
| 2022 | -37.5% | -13.8% | +6.7% |
| 2021 | +169.3% | +30.4% | +40.3% |
| 2020 | -38.4% | +21.3% | -6.1% |
| 2019 | +78.7% | -22.0% | +22.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for South Memphis Alliance 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 South Memphis Alliance 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.8%.
Frequently Asked Questions about South Memphis Alliance Incorporated
Is South Memphis Alliance Incorporated a legitimate charity?
South Memphis Alliance Incorporated (EIN: 621512543) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $799K. No red flags identified. Financial health grade: B.
How does South Memphis Alliance Incorporated spend its money?
South Memphis Alliance Incorporated reported $799K 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 South Memphis Alliance Incorporated tax-deductible?
South Memphis Alliance Incorporated is registered as a tax-exempt nonprofit (EIN: 621512543). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is South Memphis Alliance Incorporated located?
South Memphis Alliance Incorporated is headquartered in Memphis, Tennessee and files with the IRS under EIN 621512543. It is classified under NTEE code S22.
How many years of IRS 990 filings does South Memphis Alliance Incorporated have?
South Memphis Alliance 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 $799K in total revenue.
Filing History
IRS 990 filing history for South Memphis Alliance Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), South Memphis Alliance Incorporated's revenue has grown by 107.9%, moving from $383K to $797K. Total assets increased by 202.7% over the same period, from $666K to $2.0M. Total functional expenses rose by 112%, from $390K to $826K. In its most recent filing year (2023), South Memphis Alliance Incorporated reported a deficit of $29K, with expenses exceeding revenue. The organization holds $117K in liabilities against $2.0M in assets (debt-to-asset ratio: 5.8%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $797K | $826K | $2.0M | $117K | — | View 990 |
| 2022 | $640K | $473K | $2.3M | $217K | — | View 990 |
| 2021 | $1.0M | $550K | $2.2M | $237K | — | View 990 |
| 2020 | $380K | $422K | $1.6M | $273K | — | View 990 |
| 2019 | $617K | $348K | $1.7M | $192K | — | View 990 |
| 2018 | $345K | $446K | $1.4M | $220K | — | View 990 |
| 2017 | $433K | $432K | $1.4M | $157K | — | View 990 |
| 2016 | $378K | $375K | $1.8M | $153K | — | View 990 |
| 2015 | $279K | $265K | $1.8M | $158K | — | View 990 |
| 2014 | $343K | $347K | $1.7M | $137K | — | View 990 |
| 2013 | $1.7M | $2.0M | $1.7M | $94K | — | View 990 |
| 2012 | $338K | $387K | $671K | $123K | — | View 990 |
| 2011 | $383K | $390K | $666K | $109K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $797K, expenses of $826K, and assets of $2.0M (revenue +24.5% year-over-year).
- 2022: Revenue of $640K, expenses of $473K, and assets of $2.3M (revenue -37.5% year-over-year).
- 2021: Revenue of $1.0M, expenses of $550K, and assets of $2.2M (revenue +169.3% year-over-year).
- 2020: Revenue of $380K, expenses of $422K, and assets of $1.6M (revenue -38.4% year-over-year).
- 2019: Revenue of $617K, expenses of $348K, and assets of $1.7M (revenue +78.7% year-over-year).
- 2018: Revenue of $345K, expenses of $446K, and assets of $1.4M (revenue -20.3% year-over-year).
- 2017: Revenue of $433K, expenses of $432K, and assets of $1.4M (revenue +14.7% year-over-year).
- 2016: Revenue of $378K, expenses of $375K, and assets of $1.8M (revenue +35.6% year-over-year).
- 2015: Revenue of $279K, expenses of $265K, and assets of $1.8M (revenue -18.8% year-over-year).
- 2014: Revenue of $343K, expenses of $347K, and assets of $1.7M (revenue -79.7% year-over-year).
- 2013: Revenue of $1.7M, expenses of $2.0M, and assets of $1.7M (revenue +399.6% year-over-year).
- 2012: Revenue of $338K, expenses of $387K, and assets of $671K (revenue -11.8% year-over-year).
- 2011: Revenue of $383K, expenses of $390K, and assets of $666K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Memphis Alliance Incorporated:
Data Sources and Methodology
This transparency report for South Memphis Alliance 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.