Cape Volunteers in Medicine Inc

Analysis

Cape Volunteers in Medicine Inc is a registered charity in United States, based in Cape May CH, NJ. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Cape Volunteers in Medicine Inc reported income of $1.0m and spending of $912k, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $981k to $1.0m (+4.1%), an average of +1.0% a year. The sharpest change came in the year to September 2021, when income rose by 61%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cape Volunteers in Medicine Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Norman Regional Health System Auxiliary ($1.0m), Design Industries Foundation Fighting AIDS Inc ($1.0m) and Island Dolphin Care Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $455k. At year end it held assets of $1.4m against liabilities of $284k, net assets of $1.1m. It reported 25 employees.