Medicines for Humanity Inc

Analysis

Medicines for Humanity Inc is a registered charity in United States, based in Rockland, MA. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 September 2023, Medicines for Humanity Inc reported income of $3.3m and spending of $3.0m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.0m to $3.3m (+212%), an average of +33% a year. The sharpest change came in the year to September 2020, when income rose by 106%. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Medicines for Humanity Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Support for Educational and Economic Development ($3.3m), Tilting Futures Incorporated ($3.3m) and Earthcorps ($3.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $125k (4.2% of expenses). Other salaries and wages came to $245k. At year end it held assets of $2.4m against liabilities of $81k, net assets of $2.3m. It reported 6 employees.