Interchurch Medical Assistance Inc

Analysis

Interchurch Medical Assistance Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Interchurch Medical Assistance Inc reported income of $81.7m and spending of $75.6m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $75.4m to $81.7m (+8.4%), an average of +2.0% a year. The sharpest change came in the year to September 2023, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Interchurch Medical Assistance Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Harry Chapin Food Bank of Southwest Florida Inc ($81.5m), Community Access Unlimited Inc ($81.8m) and Catholic Charities Hawaii ($81.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Other salaries and wages came to $11.8m. At year end it held assets of $54.3m against liabilities of $38.7m, net assets of $15.6m. It reported 183 employees.