HW Memphis Inc

Analysis

HW Memphis Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, HW Memphis Inc reported income of $103k and spending of $47.3m, spending 46004% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $18.2m to $103k (-99%), an average of -82% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 150% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, HW Memphis Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within TN. Charities of a similar size with the same main cause include Childhood Leukemia Research and Assistance Fund ($103k), Coffey County Cancer Support Group Inc ($103k) and Sri Shankara Cancer Foundation USA ($103k).

Other salaries and wages came to $83k. At year end it held assets of $4.0m against liabilities of $39k, net assets of $3.9m.