Gallatin Senior Housing Inc

Analysis

Gallatin Senior Housing Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1994, 32 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 September 2023, Gallatin Senior Housing Inc reported income of $396k and spending of $637k, spending 161% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $434k to $396k (-8.7%), an average of -2.3% a year. Over the whole period it spent 122% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gallatin Senior Housing Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within TN. Charities of a similar size with the same main cause include Society for Medical Education and Assistance Inc ($396k), Manes for Movement Inc ($396k) and Seymour Pink Inc ($396k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 91% of the total. Other salaries and wages came to $64k. At year end it held assets of $2.2m against liabilities of $4.0m, net assets of -$1.8m.

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.