Professional Med Team

Analysis

Professional Med Team is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Professional Med Team reported income of $11.0m and spending of $10.3m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.0m to $11.0m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Professional Med Team sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Opportunity Center for the Homeless ($11.0m), Easter Seals Western and Central Pennsylvania ($11.0m) and Crossover Community Impact Incorporated ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $174k (1.7% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $13.3m against liabilities of $1.7m, net assets of $11.6m.