Charity Search / MEMPHIS TOMORROW
Community Improvement (S30) 990 on File

MEMPHIS TOMORROW

EIN: 62-1867308 · MEMPHIS, TN 38103-5502 · United States · FY 2023 Data
3 out of 5 50 / 100 Based on 2+ years of filings
Financial strength (30%) 64/100
Reliability (20%) 55/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Financial Overview — FY 2023
$953K
Total Revenue
$1.2M
Total Expenses
$249K
Net Assets
1
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 91.0%
Fundraising Efficiency N/A
Operating Reserve 2.54x
Liability-to-Asset 50.4%
Revenue Diversification 99.7%
Executive Compensation $291K
Compared with Peers
FY 2023
Compared with 2,193 similar organizations (United States, Community Improvement, $1M–$10M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
91.0% 85.1%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
9.0% 11.8%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.2%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
2.5 mo 10.6 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
50.4% 21.0%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
99.7% 91.2%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
-7.3% 7.5%
P10P90
Expense growth
Year over year expense growth
24.6% 13.0%
P10P90
Surplus margin
Surplus as a share of revenue
-23.9% 1.8%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $953K $1.2M $249K 91.0% 1
2022 $1.0M $948K $477K 86.5% 1
2021 $1.0M $929K N/A 1
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Organization Details
EIN
62-1867308
State
TN
City
MEMPHIS
ZIP
38103-5502
Classification
S30
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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