Mid-South Lions Sight and Hearing Service

Analysis

Mid-South Lions Sight and Hearing Service is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 1956, 70 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 2024, Mid-South Lions Sight and Hearing Service reported income of $1.5m and spending of $1.4m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $288k to $1.5m (+405%), an average of +50% a year. The sharpest change came in the year to June 2022, when income rose by 102%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mid-South Lions Sight and Hearing Service sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Aha Attitude Harmony Achievement ($1.5m), Serving Communities Health Information Organization ($1.5m) and Steve Rummler Hope Network ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $85k (5.9% of expenses). Other salaries and wages came to $45k. At year end it held assets of $207k against liabilities of $29k, net assets of $178k. It reported 3 employees.