Charity Search / ADVANCE MEMPHIS
Education (B822) IRS Verified DX Registered 990 on File

ADVANCE MEMPHIS

EIN: 62-1778254 · MEMPHIS, TN 38101-2201 · United States · FY 2024 Data
3 out of 5
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$2.4M
Total Revenue
$2.3M
Total Expenses
$2.8M
Net Assets
107
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 75.4%
Fundraising Efficiency N/A
Operating Reserve 14.78x
Liability-to-Asset 3.8%
Revenue Diversification 57.5%
Executive Compensation $149K
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $2.4M $2.3M $2.8M 75.4% 107
2023 $2.7M $2.8M $2.8M 80.2% 143
2022 $2.9M $2.4M $2.9M 75.8% 122
2021 $2.6M $2.4M N/A 161
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Organization Details
EIN
62-1778254
State
TN
City
MEMPHIS
ZIP
38101-2201
Classification
B822
Category
Education
Rating
58★
Last Updated
Aug 2026
IRS Ruling Year
Foundation Code
15
Form 990
On File
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