Center for Medicare Advocacy Inc

Analysis

Center for Medicare Advocacy Inc is a registered charity in United States, based in Mansfield Ctr, CT. It received its IRS tax-exemption ruling in August 1986, 40 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 June 2023, Center for Medicare Advocacy Inc reported income of $3.8m and spending of $3.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $3.8m (+9.9%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for Medicare Advocacy Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Eisenhower Foundation ($3.8m), Bergen Center for Child Development Inc ($3.8m) and Life Inter Faith Team on Unemployment and Poverty ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $739k (19% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.8m against liabilities of $169k, net assets of $4.7m. It reported 34 employees.