Medha Corp

Analysis

Medha Corp is a registered charity in United States, based in Nokomis, FL. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Medha Corp reported income of $749k and spending of $630k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $749k (+147%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Medha Corp sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Young Entrepreneurs Organization ($749k), Piedmont Community College Foundation Inc ($749k) and Town and Gown of the University of Southern California ($749k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $58k (9.2% of expenses). At year end it held assets of $1.5m against liabilities of $4,000, net assets of $1.5m.