Medical Ministries Inc

Analysis

Medical Ministries Inc is a registered charity in United States, based in Summerville, SC. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover health care, 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 May 2023, Medical Ministries Inc reported income of $550k and spending of $646k, spending 118% of what it took in. Across the 3 years on record, from May 2019 to May 2023, income fell from $570k to $550k (-3.6%), an average of -1.8% a year. The sharpest change came in the year to May 2023, when income rose by 160%. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical Ministries Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within SC. Charities of a similar size with the same main cause include Clark Progressive Eldercare Services Inc ($550k), Redemption Counseling Center ($550k) and Nazarene Hospital Foundation ($550k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 96% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $141k (22% of expenses). Other salaries and wages came to $246k. At year end it held assets of $76k against liabilities of $489k, net assets of -$413k. It reported 17 employees.

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.