The Regional Medical Center at Memphis Foundation

Analysis

The Regional Medical Center at Memphis Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 1987, 39 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Regional Medical Center at Memphis Foundation reported income of $3.2m and spending of $2.4m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $3.2m (+73%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Regional Medical Center at Memphis Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Eastern Nebraska Community Action Partnership ($3.2m), Someplace Safe ($3.2m) and Bangor Public Library Trustees ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 112% of the total. At year end it held assets of $8.8m against liabilities of $1.8m, net assets of $7.0m.