C C Young Memorial Home

Analysis

C C Young Memorial Home is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 1941, 85 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, C C Young Memorial Home reported income of $46.5m and spending of $64.9m, spending 140% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $36.5m to $46.5m (+27%), an average of +6.2% a year. The sharpest change came in the year to March 2023, when income rose by 16%. Over the whole period it spent 133% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, C C Young Memorial Home sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Roane County Medical Center ($46.5m), Community Clinic Inc ($46.5m) and Union Community Care ($46.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 6.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $929k (1.4% of expenses). Other salaries and wages came to $24.1m. At year end it held assets of $186.2m against liabilities of $260.4m, net assets of -$74.1m. It reported 873 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.