Centre Volunteers in Medicine

Analysis

Centre Volunteers in Medicine is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in May 2002, 24 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Centre Volunteers in Medicine reported income of $4.9m and spending of $2.3m, leaving 52% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $995k to $4.9m (+395%), an average of +49% a year. The sharpest change came in the year to June 2022, when income rose by 113%. Over the whole period it spent 52% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centre Volunteers in Medicine sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Samaritan Interfaith Counseling Center Inc ($4.9m), Hocking Valley Medical Group Inc ($4.9m) and Christian Care Assisted Living Phoenix Inc ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $118k (5.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $11.7m against liabilities of $2.8m, net assets of $8.9m. It reported 28 employees.