Collins Chapel Connectional Hospital

Analysis

Collins Chapel Connectional Hospital is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 1956, 70 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Collins Chapel Connectional Hospital reported income of $194k and spending of $158k, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $183k to $194k (+5.8%), an average of +1.4% a year. The sharpest change came in the year to September 2023, when income rose by 722%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Collins Chapel Connectional Hospital sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within TN. Charities of a similar size with the same main cause include American Latino Veterans Association ($194k), Tulips Thrift Store ($194k) and Little League Baseball Inc ($194k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 7.2% of the total. At year end it held assets of $4.5m against liabilities of $1.9m, net assets of $2.6m. It reported 1 employees.