Memphis Health Center Inc

Analysis

Memphis Health Center Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 1971, 55 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 May 2022, Memphis Health Center Inc reported income of $14.9m and spending of $12.9m, spending 87% of its income. Across the 4 years on record, from May 2019 to May 2022, income grew from $13.3m to $14.9m (+12%), an average of +3.8% a year. The sharpest change came in the year to May 2021, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memphis Health Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include Cascade Housing Association ($14.9m), Union Gospel Mission of Yakima Wash ($14.9m) and Valley Charities Inc ($14.9m).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 55% and program service revenue 34% of the total. At year end it held assets of $16.4m against liabilities of $1.2m, net assets of $15.2m. It reported 199 employees.