ADVANCE MEMPHIS

MEMPHIS, TN, 38101-2201 (901) 543-8525 Est. 1999 EIN 62-1778254

B822 - Education 990 - Public charity return 501(c)(3)

www.advancememphis.org

Mission

TO EMPOWER ADULTS IN SOUTH MEMPHIS TO BREAK CYCLES OF UNEMPLOYMENT, ESTABLISH ECONOMIC STABILITY, RECONCILE RELATIONSHIPS, AND RESTORE DIGNITY THROUGH KNOWLEDGE, RESOURCES, AND SKILLS BY THE POWER OF JESUS CHRIST.

Financials

Total Revenue

$2,379,102

Total Expenses

$2,311,410

Net Assets

$2,846,295

107 employees 213 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

14.8 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 11.6%

Expenses ↓ 17.0%

Revenue Sources

Contributions 57.4% Earned revenue 33.7% Other 9.0%

Expense Breakdown

Program 75.4% Management 16.5% Fundraising 8.1%

Officers & Key Employees (8)

Individual compensation is available on Grow plans.

Grants Received (86)

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Filing History (5 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$2,379,102 ↓	$2,311,410	$2,846,295
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$2,690,042 ↓	$2,786,013	$2,778,603
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$2,864,991 ↑	$2,366,500	$2,874,574
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$2,631,930 ↓	$2,389,772	$2,160,143
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$3,254,572	$2,621,915	$1,862,265