Madison-Haywood County Developmental Services Inc

Analysis

Madison-Haywood County Developmental Services Inc is a registered charity in United States, based in Jackson, TN. It received its IRS tax-exemption ruling in September 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Madison-Haywood County Developmental Services Inc reported income of $23.3m and spending of $22.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.1m to $23.3m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madison-Haywood County Developmental Services 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 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Team Inc ($23.3m), Deutsches Altenheim Inc ($23.3m) and Caddo Community Action Agency Inc ($23.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $285k (1.3% of expenses). Other salaries and wages came to $16.7m. At year end it held assets of $20.3m against liabilities of $8.2m, net assets of $12.1m. It reported 562 employees.