Coastal Medical Associates Inc

Analysis

Coastal Medical Associates Inc is a registered charity in United States, based in S Weymouth, MA. It received its IRS tax-exemption ruling in February 1995, 31 years ago. 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, Coastal Medical Associates Inc reported income of $8.9m and spending of $8.9m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.5m to $8.9m (+96%), an average of +18% a year. The sharpest change came in the year to September 2022, when income rose by 105%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coastal Medical Associates Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Hospice Foundation of the Florida Suncoast Inc ($8.9m), Ems Inc ($8.9m) and Childrens Rehabilitation Center Inc ($8.9m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 65% of the total. Other salaries and wages came to $4.7m. At year end it held assets of $3.8m against liabilities of $3.5m, net assets of $322k. It reported 84 employees.