Trezevant Episcopal Home

Analysis

Trezevant Episcopal Home is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Trezevant Episcopal Home reported income of $36.1m and spending of $39.3m, spending 109% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $34.5m to $36.1m (+4.5%), an average of +1.1% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Trezevant Episcopal Home sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Fellowship Health Resources Inc ($36.1m), Montana Food Bank Network Inc ($36.1m) and Fort Norfolk Retirement Community Inc ($36.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $571k (1.5% of expenses). Other salaries and wages came to $14.4m. At year end it held assets of $115.1m against liabilities of $175.3m, net assets of -$60.2m. It reported 402 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.