Bachman Memorial Home Inc

Analysis

Bachman Memorial Home Inc is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in June 1969, 57 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Bachman Memorial Home Inc reported income of $218k and spending of $223k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $430k to $218k (-49%), an average of -16% a year. The sharpest change came in the year to June 2020, when income dropped by 66%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bachman Memorial Home Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within TN. Charities of a similar size with the same main cause include Daemion Counseling Center ($218k), Susquehanna Recovery Initiative Inc ($218k) and Minerva Area Commission on Aging Inc ($218k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% of the total. Other salaries and wages came to $56k. At year end it held assets of $5.6m against liabilities of $630, net assets of $5.6m. It reported 1 employees.