Medical Solutions Ministries Inc

Analysis

Medical Solutions Ministries Inc is a registered charity in United States, based in Belvidere, IL. It received its IRS tax-exemption ruling in April 2007, 19 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, Medical Solutions Ministries Inc reported income of $3.8m and spending of $3.3m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $357k to $3.8m (+962%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 2048%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical Solutions Ministries Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Tennessee Association of Alcohol and Drug Abuse Services Inc ($3.8m), Cheyenne Regional Medical Center Foundation ($3.8m) and Safety Glazing Certification Council Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. At year end it held assets of $5.7m against liabilities of $1, net assets of $5.7m.