Martin Health Center Inc

Analysis

Martin Health Center Inc is a registered charity in United States, based in Cedar Falls, IA. It received its IRS tax-exemption ruling in January 1973, 53 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 December 2023, Martin Health Center Inc reported income of $18.7m and spending of $18.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.4m to $18.7m (+22%), an average of +5.1% a year. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Martin Health Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IA. Charities of a similar size with the same main cause include Rowan-Cabarrus Young Mens Christian Association ($18.7m), El Concilio California ($18.8m) and Good Shepherd Home for the Aged ($18.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Other salaries and wages came to $8.5m. At year end it held assets of $19.5m against liabilities of $25.9m, net assets of -$6.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.