Medwish Medworks

Analysis

Medwish Medworks is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Medwish Medworks reported income of $18.1m and spending of $20.0m, spending 111% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income grew from $10.2m to $18.1m (+76%), an average of +15% a year. The sharpest change came in the year to January 2021, when income rose by 38%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medwish Medworks sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Board of Directors of the Rouse Estate ($18.0m), Keystone Human Services ($18.1m) and Chesapeake Regional Medical Group ($18.0m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 97% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $83k (0.4% of expenses). Other salaries and wages came to $611k. At year end it held assets of $7.1m against liabilities of $756k, net assets of $6.4m. It reported 20 employees.