The Medical Trust

Analysis

The Medical Trust is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1980, 46 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Medical Trust reported income of $26.4m and spending of $14.3m, leaving 46% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $9.3m to $26.4m (+184%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Medical Trust sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Nurtury Inc ($26.3m), Diakon Child Family & Community Ministries ($26.4m) and Illinois Coalition Against Sexual Assault ($26.3m).

Compensation of current officers, directors and key employees was $828k (5.8% of expenses). At year end it held assets of $248.0m against liabilities of $0, net assets of $248.0m.