Blount Memorial Foundation Inc

Analysis

Blount Memorial Foundation Inc is a registered charity in United States, based in Maryville, TN. It received its IRS tax-exemption ruling in December 1992, 34 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, Blount Memorial Foundation Inc reported income of $424k and spending of $471k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $320k to $424k (+33%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 337%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Blount Memorial Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include Legal Information Network for Cancer ($424k), Alternacare ($424k) and National Arab American Medical Association Inc ($424k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $2.9m against liabilities of $19k, net assets of $2.9m.