Gerimed Inc

Analysis

Gerimed Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in May 1994, 32 years ago. 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, Gerimed Inc reported income of $820k and spending of $664k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $709k to $820k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gerimed Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NE. Charities of a similar size with the same main cause include Mother Teresa Shelter Inc ($820k), New Life Adoptions ($820k) and Center for Independent Living of Northwest Fla Inc ($819k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 5.6% of the total. Other salaries and wages came to $131k. At year end it held assets of $1.4m against liabilities of $54k, net assets of $1.4m.