Arts, Culture & Humanities
(A20)
IRS Verified
DX Registered
990 on File
MEMPHIS EQUITY THROUGH ARTS META INCORPORATED
CharityAI™ Score
Not yet evaluated
Mission Statement
Memphis Music Initiative (MMI) invests in youth through transformative music engagement, creating equitable opportunities for Black and brown youth in Memphis.
Financial Overview — FY 2024
$971K
Total Revenue
$3.0M
Total Expenses
$924K
Net Assets
21
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
68.9%
Fundraising Efficiency
N/A
Operating Reserve
3.65x
Liability-to-Asset
40.1%
Revenue Diversification
94.1%
Executive Compensation
$242K
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $971K | $3.0M | $924K | 68.9% | 21 |
| 2023 | $2.5M | $3.7M | $3.0M | 61.4% | 10 |
| 2022 | $2.5M | $3.9M | $4.3M | 74.4% | 18 |
| 2021 | $14.2M | $2.6M | N/A | — | 18 |
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