Medstar Ambulatory Services Inc

Analysis

Medstar Ambulatory Services Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in March 1979, 47 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Medstar Ambulatory Services Inc reported income of $24.8m and spending of $45.5m, spending 183% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.2m to $24.8m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 181% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medstar Ambulatory Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Holland Christian Education Society ($24.8m), Interim Inc ($24.8m) and Boys and Girls Clubs of Metro Denver Inc ($24.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $727k (1.6% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $166.5m against liabilities of $66.8m, net assets of $99.8m. It reported 434 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.