Life Choices of Memphis Inc

Analysis

Life Choices of 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 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, Life Choices of Memphis Inc reported income of $1.9m and spending of $1.8m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.9m (+40%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Life Choices of Memphis Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Maui a I D S Foundation ($1.9m), Spring River Home Health Agency Inc ($1.9m) and American Academy of Ambulatory Nursing Adm ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $164k (9.2% of expenses). Other salaries and wages came to $850k. At year end it held assets of $2.1m against liabilities of $238k, net assets of $1.8m. It reported 26 employees.