First Care Medical Services

Analysis

First Care Medical Services is a registered charity in United States, based in Fosston, MN. It received its IRS tax-exemption ruling in January 1994, 32 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, First Care Medical Services reported income of $32.3m and spending of $30.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.4m to $32.3m (+9.8%), an average of +2.4% a year. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, First Care Medical Services sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Cancer Research Institute Inc ($32.3m), Beechwood Health Care Center Inc ($32.3m) and Milwaukee Regional Medical Center Thermal Service Inc ($32.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $895k (2.9% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $36.4m against liabilities of $10.1m, net assets of $26.4m. It reported 253 employees.