Montage Medical Group

Analysis

Montage Medical Group is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in February 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 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 December 2023, Montage Medical Group reported income of $40.6m and spending of $77.1m, spending 190% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $30.1m to $40.6m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2020, when income rose by 75%. Over the whole period it spent 135% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Montage Medical Group 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 CA. Charities of a similar size with the same main cause include Radiology Associates of Childrens Hospital Inc ($40.6m), Winslow Memorial Hospital Inc ($40.6m) and Bert Nash Community Mental Health Center Inc ($40.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $859k (1.1% of expenses). Other salaries and wages came to $49.5m. At year end it held assets of $5.4m against liabilities of $116.9m, net assets of -$111.5m. It reported 374 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.