The@va Medical Foster Home

Analysis

The@va Medical Foster Home is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, The@va Medical Foster Home reported income of $68k and spending of $71k, spending 106% of what it took in. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The@va Medical Foster Home sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within TN. Charities of a similar size with the same main cause include Ohio Association of Gerontology and Education ($68k), Chicago Lower Extremity Surgical Foundation ($68k) and Andrew Applegate Foundation ($68k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $16k against liabilities of $11k, net assets of $5,100.

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.