Memphis Speech & Hearing Center Inc

Analysis

Memphis Speech & Hearing Center Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 1948, 78 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Memphis Speech & Hearing Center Inc reported income of $50k and spending of $53k, spending 105% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $65k to $50k (-23%), an average of -23% a year. The sharpest change came in the year to August 2023, when income dropped by 23%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memphis Speech & Hearing Center Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within TN. Charities of a similar size with the same main cause include Mountain Home Spouses Club ($50k), Portage Area United Fund Inc ($50k) and Katie Strong Foundation ($50k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.