Medassist of Mecklenburg

Analysis

Medassist of Mecklenburg is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 1997, 29 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 June 2023, Medassist of Mecklenburg reported income of $73.8m and spending of $74.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $77.4m to $73.8m (-4.8%), an average of -1.2% a year. 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, Medassist of Mecklenburg 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 NC. Charities of a similar size with the same main cause include Easterseals Morc Health Care Inc ($73.4m), Project Home ($73.8m) and Penquis C a P Inc ($73.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $132k (0.2% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $13.7m against liabilities of $2.1m, net assets of $11.7m. It reported 52 employees.