Overview

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Est.

1999

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

ADVANCE MEMPHIS is a nonprofit organization dedicated to empowering adults in South Memphis to break cycles of unemployment and establish economic stability through knowledge, resources, and skills, guided by the principles of Jesus Christ. With an operating budget of $2.3M and total revenue of $2.4M for the filing year 2024, the organization receives significant support from major funders, including FIDELITY INVESTMENTS CHARITABLE GIFT FUND and DONOR ADVISED CHARITABLE GIVING INC.

Mission Statement

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
Revenues
$2.4M
Expenses
$2.3M
Net Income:
+$67.7K
Assets
$3M
Liabilities
$113.5K
Net Assets:
+$2.8M
Operating Budget
$2.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
13
Median grant size
$21.3K
Largest grant received
$88.2K
S
Stephen Nash
Board Member
F
Fred Holmes
Board Member
H
Hunter Acosta
Board Member

Frequently Asked Questions

What is ADVANCE MEMPHIS’s budget?
In 2024, ADVANCE MEMPHIS reported an annual operating budget of around $2.3 million. More detailed financial information is available to registered users.
What causes does ADVANCE MEMPHIS support?
ADVANCE MEMPHIS supports work in Antidiscrimination and Scholarships & Financial Aid.
Where does ADVANCE MEMPHIS operate?
ADVANCE MEMPHIS is headquartered in Memphis, TN.
Who funded ADVANCE MEMPHIS recently?
In 2025, ADVANCE MEMPHIS received grants from CHRISTIAN COMMUNITY FOUNDATION OF MEMPHIS, COMMUNITY FOUNDATION OF GREATER MEMPHIS INC, and AMERICAN ONLINE GIVING FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant ADVANCE MEMPHIS received in 2024?
The largest grant to ADVANCE MEMPHIS in 2024 exceeds $88 thousand.
What is ADVANCE MEMPHIS’s reliance on government grants?
ADVANCE MEMPHIS relied on government grants for less than 5% of their total revenue in 2024.