Medlife

Analysis

Medlife is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in August 2012, 14 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 August 2023, Medlife reported income of $2.5m and spending of $2.4m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.8m to $2.5m (-9.1%), an average of -2.4% a year. The sharpest change came in the year to August 2022, when income rose by 253%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medlife sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within DE. Charities of a similar size with the same main cause include The Helping Hand of Tomorrow Inc ($2.5m), Final Exit Network Inc ($2.5m) and United Rehabilitation Services of Greater Dayton Foundation ($2.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $50k (2.0% of expenses). Other salaries and wages came to $479k. At year end it held assets of $1.7m against liabilities of $4,616, net assets of $1.7m. It reported 1 employees.