Community Medical Welness Centers USA

Analysis

Community Medical Welness Centers USA is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. 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 December 2023, Community Medical Welness Centers USA reported income of $17.5m and spending of $17.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $17.5m (+310%), an average of +42% a year. The sharpest change came in the year to December 2020, when income rose by 112%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Medical Welness Centers USA 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 CA. Charities of a similar size with the same main cause include National Association of College and ($17.5m), Arc of Atlantic County Inc ($17.5m) and Inspire Brands Foundation Inc ($17.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $787k (4.6% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $18.2m against liabilities of $11.5m, net assets of $6.6m.