Medica Foundation

Analysis

Medica Foundation is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Medica Foundation reported income of $6.0m and spending of $2.8m, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.2m to $6.0m (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 41%. Over the whole period it spent 38% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medica Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Norcal Services for Deaf and Hard of Hearing ($6.0m), Center for Aging and Rehabilitation of Dunedin Inc ($6.0m) and Ocean State Research Institute Inc ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $70.8m against liabilities of $535k, net assets of $70.3m.