Professional Care Services of West TN Inc

Analysis

Professional Care Services of West TN Inc is a registered charity in United States, based in Covington, TN. It received its IRS tax-exemption ruling in October 2012, 14 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 June 2023, Professional Care Services of West TN Inc reported income of $14.6m and spending of $15.4m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.5m to $14.6m (+16%), an average of +3.9% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Professional Care Services of West TN 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 Veap Inc ($14.6m), National Law Enforcement Officers Memorial Fund Inc ($14.6m) and Masshire Hampden County Workforce Board Inc ($14.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $210k (1.4% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $11.1m against liabilities of $1.4m, net assets of $9.7m. It reported 174 employees.