Wellmont-Madison House Alzheimers Center of Upper E Tennessee

Analysis

Wellmont-Madison House Alzheimers Center of Upper E Tennessee is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in November 1989, 37 years ago. 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 June 2023, Wellmont-Madison House Alzheimers Center of Upper E Tennessee reported income of $897k and spending of $1.5m, spending 172% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $935k to $897k (-4.0%), an average of -1.0% a year. The sharpest change came in the year to June 2021, when income dropped by 38%. Over the whole period it spent 149% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wellmont-Madison House Alzheimers Center of Upper E Tennessee sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Lambert House ($897k), Farmers Legal Action Group Inc ($897k) and The Friends of Arizona Highways Magazine Foundation ($897k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Other salaries and wages came to $801k. At year end it held assets of $570k against liabilities of $103k, net assets of $467k. It reported 32 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.