Concordia Medical Equipment

Analysis

Concordia Medical Equipment is a registered charity in United States, based in Cabot, PA. It received its IRS tax-exemption ruling in April 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Concordia Medical Equipment reported income of $3.0m and spending of $3.4m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $3.0m (+82%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 65%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Concordia Medical Equipment sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Annex Teen Clinic ($3.0m), Senior Living Partners of Virginia LLC ($3.0m) and Paoli Memorial Hospital Foundation ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $161k (4.8% of expenses). Other salaries and wages came to $461k. At year end it held assets of $1.4m against liabilities of $244k, net assets of $1.2m. It reported 18 employees.