Alzheimers & Dementia Services of Memphis Inc

Analysis

Alzheimers & Dementia Services of Memphis Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 1985, 41 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, Alzheimers & Dementia Services of Memphis Inc reported income of $3.4m and spending of $1.4m, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $3.4m (+93%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 176%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alzheimers & Dementia Services of Memphis Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Aprender Tucson ($3.4m), River to Coast Childrens Services ($3.4m) and Dunebrook Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Other salaries and wages came to $795k. At year end it held assets of $6.5m against liabilities of $16k, net assets of $6.5m. It reported 10 employees.