Amego Inc

Analysis

Amego Inc is a registered charity in United States, based in Attleboro, MA. It received its IRS tax-exemption ruling in October 1971, 55 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Amego Inc reported income of $99.8m and spending of $97.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $48.4m to $99.8m (+106%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Amego Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Shannon Medical Management ($99.8m), Harbor Health Services Inc ($99.8m) and Servicenet Inc ($99.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $1.4m (1.5% of expenses). Other salaries and wages came to $64.2m. At year end it held assets of $91.7m against liabilities of $64.0m, net assets of $27.6m. It reported 1,358 employees.