James H Tharp Charitable Trust
- Assets
- $1.0m
- Revenue
- $35.8k
- Investments
- $982.3k
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 03/1974
- Data as of
- 11/2023
- EIN
- 62-6105988
Organization Overview
James H Tharp Charitable Trust is located in Memphis, TN. The organization was established in 1974. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James H Tharp Charitable Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2023, James H Tharp Charitable Trust generated $35.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $93.9k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, James H Tharp Charitable Trust has awarded 50 individual grants totaling $600,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,008 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,163 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,812 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,137 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,949 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $93,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,082 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,002,383 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, James H Tharp Charitable Trust has awarded $75,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MEMPHIS RECOVERY CENTERS INC PURPOSE: RESEARCH | $12,500 |
UNIVERSITY OF ILLINOIS PURPOSE: RESEARCH | $15,000 |
FACES & VOICES OF RECOVERY PURPOSE: RESEARCH | $5,000 |
TN MEDICAL FOUNDATION PURPOSE: RESEARCH | $5,000 |
THE SALVATION ARMY PURPOSE: RENEWAL PLACE | $12,500 |
GRACE HOUSE OF MEMPHIS TN PURPOSE: RESEARCH | $12,500 |