Care Center Memphis Inc

Analysis

Care Center Memphis Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Care Center Memphis Inc reported income of $121k and spending of $111k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $121k (+204%), an average of +204% a year. The sharpest change came in the year to December 2023, when income rose by 204%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Care Center Memphis Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include Paraclete Az ($121k), Asamblea Evangelica de North Miami Inc ($121k) and Twelve21 Mission Inc ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $17k (16% of expenses). At year end it held assets of $28k against liabilities of $970, net assets of $27k. It reported 1 employees.