Indian River Volunteers in Medicine Inc

Analysis

Indian River Volunteers in Medicine Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in March 2011, 15 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 December 2023, Indian River Volunteers in Medicine Inc reported income of $2.2m and spending of $2.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.2m (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2023, when income rose by 363%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Indian River Volunteers in Medicine Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Wyoming Valley Childrens Association ($2.2m), Maternal and Child Health Consortium of Chester County ($2.2m) and Care Free Medical Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $180k against liabilities of $8,813, net assets of $172k.

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.