Punxsutawney Medical Services Inc

Analysis

Punxsutawney Medical Services Inc is a registered charity in United States, based in Punxsutawney, PA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Punxsutawney Medical Services Inc reported income of $775k and spending of $2.3m, spending 298% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $701k to $775k (+11%), an average of +3.4% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 277% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Punxsutawney Medical Services Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Sages Army Inc ($775k), North Carolina Healthcare Quality Alliance Inc ($775k) and Alvin a Dubin Alzheimers Resource Center Inc ($774k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $650k. At year end it held assets of $129k against liabilities of $0, net assets of $129k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.