Musc Health

Analysis

Musc Health is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Musc Health reported income of $5.3m and spending of $4.0m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.5m to $5.3m (-38%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 58%. Over the whole period it spent 60% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Musc Health sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Nashua Regional Cancer Center Inc ($5.3m), Extracorporeal Life Support Organization ($5.3m) and Dakota Medical Foundation ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 32% of the total. At year end it held assets of $104.8m against liabilities of $80.5m, net assets of $24.3m.