Financial Information for Memphis Merit Academy

Memphis Merit Academy's annual revenue was $6.7M in tax year 2024, reported on their IRS Form 990. They spent $6.6M in total expenses. 63% went to programs and services.

Financial Breakdown

What is Memphis Merit Academy's total annual expenses?

Memphis Merit Academy spent $6.6M in tax year 2024, according to their IRS Form 990 filing.

How much of Memphis Merit Academy's budget goes to programs?

Memphis Merit Academy spent $4.1M (63% of expenses) on programs and services in tax year 2024.

How much does Memphis Merit Academy spend on overhead?

Memphis Merit Academy's overhead in tax year 2024 includes administrative (37%) and fundraising (0%) of their expenses.

What is Memphis Merit Academy's net worth?

Memphis Merit Academy had net assets of $989K as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.