Mycareconnect Foundation

Analysis

Mycareconnect Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2014, 12 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 December 2023, Mycareconnect Foundation reported income of $94k and spending of $104k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $39k to $94k (+144%), an average of +144% a year. The sharpest change came in the year to December 2023, when income rose by 144%. Over the whole period it spent 139% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mycareconnect Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Healthcare Nepal Inc ($94k), Stork Foundation for Infertility ($94k) and There Is Victory in Jesus Recovery Center ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $95k against liabilities of $0, net assets of $95k.