United Church Residences of Memphis Tennessee Inc

Analysis

United Church Residences of Memphis Tennessee Inc is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, United Church Residences of Memphis Tennessee Inc reported income of $422k and spending of $393k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $423k to $422k (-0.2%), an average of +-0.0% a year. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, United Church Residences of Memphis Tennessee Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OH. Charities of a similar size with the same main cause include Villa Maria Apartments ($422k), CCDC Legacy Foundation ($422k) and York Senior Properties Inc ($422k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. Other salaries and wages came to $49k. At year end it held assets of $937k against liabilities of $1.1m, net assets of -$162k.