House of the Good Shepherd of Memphis

Analysis

House of the Good Shepherd of Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 2013, 13 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 December 2023, House of the Good Shepherd of Memphis reported income of $360k and spending of $379k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $154k to $360k (+134%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 132% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, House of the Good Shepherd of Memphis sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include Hope at the Brick House Inc ($360k), Nest Community Learning Center ($360k) and Impact Oklahoma Inc ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $91k (24% of expenses). Other salaries and wages came to $82k. At year end it held assets of $1.8m against liabilities of $10k, net assets of $1.8m. It reported 6 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.