Paul Carlson Medical Program Inc

Analysis

Paul Carlson Medical Program Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1975, 51 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2021, Paul Carlson Medical Program Inc reported income of $1.4m and spending of $1.2m, spending 90% of its income. Across the 3 years on record, from January 2020 to September 2021, income grew from $1.2m to $1.4m (+13%), an average of +6.2% a year. The sharpest change came in the year to September 2021, when income rose by 163%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paul Carlson Medical Program Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Open Door Adoption Agency Inc ($1.4m), Bay County Child and Senior Citizen Center Inc ($1.4m) and Adult Life Programs Inc ($1.4m).

On its Form 990 for the period ending September 2021, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $129k (10% of expenses). Other salaries and wages came to $231k. At year end it held assets of $1.0m against liabilities of $104k, net assets of $906k. It reported 4 employees.