Avalon Medical Development Corporation

Analysis

Avalon Medical Development Corporation is a registered charity in United States, based in Avalon, CA. It received its IRS tax-exemption ruling in February 1988, 38 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 June 2023, Avalon Medical Development Corporation reported income of $21.0m and spending of $18.1m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.1m to $21.0m (+89%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Avalon Medical Development Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Tri-County Human Services Inc ($20.9m), Atlanticare Health System Inc ($21.0m) and Williamson Health & Wellness Center Inc ($20.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.8% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $851k (4.7% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $11.9m against liabilities of $2.6m, net assets of $9.3m. It reported 107 employees.