Family Medicine Midwest Foundation

Analysis

Family Medicine Midwest Foundation is a registered charity in United States, based in Bolingbrook, IL. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Family Medicine Midwest Foundation reported income of $195k and spending of $223k, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $207k to $195k (-6.0%), an average of -1.5% a year. The sharpest change came in the year to September 2023, when income rose by 598%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Family Medicine Midwest Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Campfire Creek Therapeutic Riding Center Inc ($195k), Helen Hayes Hospital Foundation Inc ($195k) and Hospice Cottage Inc ($194k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. At year end it held assets of $266k against liabilities of $391k, net assets of -$125k.

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.