Tennessee Memory Disorders Foundation

Analysis

Tennessee Memory Disorders Foundation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tennessee Memory Disorders Foundation reported income of $910k and spending of $755k, spending 83% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $10k to $910k (+9003%), an average of +350% a year. The sharpest change came in the year to December 2021, when income rose by 3478%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tennessee Memory Disorders Foundation sits at the 63rd percentile: it is larger than about 63% 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 Parents Resource Institute for Drug Education Inc of Tuscaloosa ($910k), Brainfutures Incorporated ($910k) and Kirsch Foundation ($910k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $182k (24% of expenses). Other salaries and wages came to $241k. At year end it held assets of $400k against liabilities of $254, net assets of $399k. It reported 7 employees.