Medical Air Inc

Analysis

Medical Air Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 1998, 28 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, Medical Air Inc reported income of $997k and spending of $1.4m, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $723k to $997k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2020, when income rose by 133%. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical Air Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Fos Feminista Fund ($997k), Sharpe-Strumia Research Foundation of the Bryn Mawr Hospital ($997k) and Join Together Northern Nevada ($996k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 91% of the total. At year end it held assets of $6.7m against liabilities of $3.6m, net assets of $3.1m.

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.