Archbold Medical Group Inc

Analysis

Archbold Medical Group Inc is a registered charity in United States, based in Thomasville, GA. It received its IRS tax-exemption ruling in September 2010, 16 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 September 2023, Archbold Medical Group Inc reported income of $18.3m and spending of $39.0m, spending 213% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.0m to $18.3m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to September 2021, when income rose by 18%. Over the whole period it spent 211% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Archbold Medical Group Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Laboratory Services Cooperative ($18.3m), Connecticut Renaissance Inc ($18.3m) and Union Health Center Inc ($18.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 87% of the total. Compensation of current officers, directors and key employees was $2.4m (6.1% of expenses). Other salaries and wages came to $22.7m. At year end it held assets of $6.5m against liabilities of $210.3m, net assets of -$203.8m.

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.