Friends of the Memphis & Shelby County Public Libraries
Only null% goes to programs Strong reserves Growing revenue
Friends of the Memphis & Shelby County Public Libraries is a 501(c)(3) organization based in Memphis, Tennessee, registered in 1971, with $434,855 in FY2024 revenue. CharityIndex grades it B.
3030 Poplar Ave, Memphis, TN, 38111 EIN 23-7099261 Since 1971
Revenue (FY2024)
$435K
▲ 0.7% vs prior year
Education median: $200K
Expenses (FY2024)
$467K
Net assets
$652K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Friends of the Memphis & Shelby County Public Libraries— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating17 mo reserves · -8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Friends of the Memphis & Shelby County Public Libraries: 17 mo reserves · -8% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Friends of the Memphis & Shelby County Public Libraries— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Friends of the Memphis & Shelby County Public Libraries: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
Financial trends
Revenue grew from $336K (FY2013) to $435K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $96KNet assets $652K
Operating margin
-7.5%
Spent more than it raised in the latest fiscal year.
Total assets
$747K
Total liabilities
$96K
Net assets
$652K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $434,855▲0.7% | $467,479▲54.7% | $651,731▼8.1% | $747,239▼1.8% | 990 |
| 2023 | $432,009▲47.5% | $302,194▲7.0% | $709,025▲25.1% | $760,741▲5.4% | 990 |
| 2022 | $292,914▼3.3% | $282,537▲166% | $566,940▲1.7% | $722,068▲2.0% | 990 |
| 2021 | $302,984▲53.2% | $106,236▼45.2% | $557,512▲54.5% | $708,250▲38.5% | 990 |
| 2020 | $197,761▼52.3% | $193,985▼53.7% | $360,763 | $511,267▲4.1% | 990 |
| 2019 | $414,393▲9.3% | $419,267▼14.8% | $360,692▼12.2% | $491,290▲19.6% | 990 |
| 2018 | $379,124▼8.8% | $492,271▲19.0% | $410,693▼14.2% | $410,696▼23.9% | 990 |
| 2017 | $415,766▲25.0% | $413,610▲7.4% | $478,711▲0.5% | $539,546▲8.4% | 990 |
| 2016 | $332,515▲11.4% | $385,024▲13.1% | $476,452▼9.9% | $497,807▼7.3% | 990 |
| 2015 | $298,429▼11.1% | $340,536▲30.1% | $528,971▼10.6% | $537,231▼10.1% | 990 |
| 2014 | $335,645▼0.1% | $261,789▲3.8% | $591,806▲12.3% | $597,727▲7.0% | 990 |
| 2013 | $336,086 | $252,194▲84.1% | $527,044▲27.3% | $558,580▲30.6% | 990 |
| 2011 | — | $136,956▲6.0% | $414,163▲8.3% | $427,599▲4.7% | 990 |
| 2010 | — | $129,197 | $382,294 | $408,486 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Friends of the Memphis & Shelby County Public Libraries a legitimate nonprofit?
- Yes. Friends of the Memphis & Shelby County Public Libraries is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7099261, based in Memphis, Tennessee. Donations are tax-deductible.
- What is Friends of the Memphis & Shelby County Public Libraries's EIN?
- Friends of the Memphis & Shelby County Public Libraries's Employer Identification Number (EIN) is 23-7099261.
- How much revenue does Friends of the Memphis & Shelby County Public Libraries report?
- Friends of the Memphis & Shelby County Public Libraries reported $434,855 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Friends of the Memphis & Shelby County Public Libraries have?
- CharityIndex grades Friends of the Memphis & Shelby County Public Libraries B, based on financial health (reserves and operating margin).
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Data for Friends of the Memphis & Shelby County Public Libraries (EIN 23-7099261) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.