The Health Educational and Housing Facility Board of the City of Memp

Analysis

The Health Educational and Housing Facility Board of the City of Memp is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 1986, 40 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Health Educational and Housing Facility Board of the City of Memp reported income of $3.3m and spending of $1.0m, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.3m (+123%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 160%. Over the whole period it spent 26% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Health Educational and Housing Facility Board of the City of Memp sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Human Investment Project Inc ($3.3m), Salt and Light Company Inc ($3.3m) and Protection Valley Manor Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 64% of the total. Other salaries and wages came to $354k. At year end it held assets of $14.9m against liabilities of $264k, net assets of $14.6m. It reported 3 employees.