Care Free Medical Inc

Analysis

Care Free Medical Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Free Medical Inc reported income of $2.2m and spending of $2.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.2m (+70%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Care Free Medical Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Domestic Violence and Sexual Assault Services of Whatcom County ($2.2m), Wyoming Valley Childrens Association ($2.2m) and Livingston Caregivers ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $185k (8.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $601k against liabilities of $281k, net assets of $320k. It reported 29 employees.