West Tennessee Hearing and Speech Center Inc

Analysis

West Tennessee Hearing and Speech Center Inc is a registered charity in United States, based in Jackson, TN. It received its IRS tax-exemption ruling in August 1954, 72 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 June 2023, West Tennessee Hearing and Speech Center Inc reported income of $890k and spending of $949k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $681k to $890k (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Tennessee Hearing and Speech Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Asociacion Mutua de Orientacion Y Rehabilitacion Aka Amor ($890k), Bethany Home Inc ($890k) and Crusaders Soccer League ($889k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.1% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $35k (3.7% of expenses). Other salaries and wages came to $329k. At year end it held assets of $171k against liabilities of $123k, net assets of $48k. It reported 13 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.