Medtech and Biotech Veterans Program Inc

Analysis

Medtech and Biotech Veterans Program Inc is a registered charity in United States, based in S Hamilton, MA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Medtech and Biotech Veterans Program Inc reported income of $299k and spending of $354k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $102k to $299k (+194%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 132% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Medtech and Biotech Veterans Program Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Canoga Park Improvement Association ($299k), Spotted Eagle Inc ($299k) and Taylorville Main Street Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $126k (36% of expenses). At year end it held assets of $91k against liabilities of $25k, net assets of $67k. It reported 2 employees.