Memphis-area Home Education Association Inc is a 501(c)(3) organization based in Cordova, Tennessee, registered in 2014, with $345,208 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$345K
▲ 11.5% vs prior year
Education median: $200K
Expenses (FY2024)
$348K
Net assets
$111K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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 Memphis-area Home Education Association Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Memphis-area Home Education Association Inc: 4 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
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 Memphis-area Home Education Association Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Memphis-area Home Education Association Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $171K (FY2020) to $345K (FY2024) across 5 reported years.
Financial snapshot
Operating margin
-0.7%
Spent more than it raised in the latest fiscal year.
Total assets
$179K
Total liabilities
$68K
Net assets
$111K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $345,208▲11.5% | $347,621▲19.9% | $111,487▼2.1% | $179,133▲17.2% | 990 |
| 2023 | $309,622▲15.5% | $290,022▲12.1% | $113,900▲20.8% | $152,810▲11.8% | 990 |
| 2022 | $268,111▲15.0% | $258,635▲22.8% | $94,300▲11.2% | $136,658▲13.5% | 990 |
| 2021 | $233,130▲36.1% | $210,633▲26.7% | $84,824▲36.1% | $120,417▲10.6% | 990 |
| 2020 | $171,254 | $166,274 | $62,327 | $108,901 | 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.
1 grant to Memphis-area Home Education Association Inc totaling $4,000, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Education | 2015 | $4,000 |
Explore more
Data for Memphis-area Home Education Association Inc (EIN 62-1763611) 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.