Arkansas Foundation for Medical Care Inc

Analysis

Arkansas Foundation for Medical Care Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in May 2016, 10 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 2024, Arkansas Foundation for Medical Care Inc reported income of $41.1m and spending of $40.9m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $32.4m to $41.1m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 66%. 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, Arkansas Foundation for Medical Care Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within AR. Charities of a similar size with the same main cause include Behavioral Health Services Inc ($41.1m), Rest Haven Illiana Christian Convalescent Home ($41.2m) and Sonoma County Indian Health Project Inc ($41.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $2.7m (6.5% of expenses). Other salaries and wages came to $16.1m. At year end it held assets of $41.3m against liabilities of $3.1m, net assets of $38.2m. It reported 330 employees.