Medical Center Company

Analysis

Medical Center Company is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 1937, 89 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Medical Center Company reported income of $40.6m and spending of $39.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $36.4m to $40.6m (+12%), an average of +2.8% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medical Center Company sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Bethany Lutheran Homes Inc ($40.6m), CPC Integrated Health Inc ($40.7m) and Acmh Inc ($40.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $3.3m. At year end it held assets of $103.6m against liabilities of $63.5m, net assets of $40.2m. It reported 33 employees.