Baptist Memorial Home Care Inc

Analysis

Baptist Memorial Home Care Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 1985, 41 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 September 2023, Baptist Memorial Home Care Inc reported income of $7.1m and spending of $8.3m, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.4m to $7.1m (+10%), an average of +2.5% a year. The sharpest change came in the year to September 2020, when income rose by 31%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baptist Memorial Home Care Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Industry Convalescent Hospital ($7.1m), Metro Solutions Inc ($7.1m) and Crater Community Hospice Inc ($7.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 56% of the total. Other salaries and wages came to $3.9m. At year end it held assets of $21.6m against liabilities of $29.9m, net assets of -$8.3m. It reported 14 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.