Optimal Medical Foundation Inc

Analysis

Optimal Medical Foundation Inc is a registered charity in United States, based in Sault S Marie, MI. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Optimal Medical Foundation Inc reported income of $125k and spending of $96k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $125k (-91%), an average of -45% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Optimal Medical Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Champion Autism Network ($125k), Pillars PJS Inc ($125k) and Michael Gerard Puharic Memorial Fund Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.