Cambridge Medical Care Foundation

Analysis

Cambridge Medical Care Foundation is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in March 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Cambridge Medical Care Foundation reported income of $156k and spending of $168k, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $162k to $156k (-3.7%), an average of -0.9% a year. The sharpest change came in the year to September 2023, when income rose by 65%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cambridge Medical Care Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Dynamics Residence Corporation of Burke Avenue ($156k), Bridge to Success ($156k) and Pacific Stroke Association ($156k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. At year end it held assets of $566k against liabilities of $0, net assets of $566k.