Medcura Health Inc

Analysis

Medcura Health Inc is a registered charity in United States, based in Stone MTN, GA. It received its IRS tax-exemption ruling in September 1981, 45 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 December 2023, Medcura Health Inc reported income of $84.8m and spending of $85.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $56.1m to $84.8m (+51%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medcura Health Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Russell Hospital Corporation ($84.8m), The Rosalind and Joseph Gurwin Jewish Geriatric Center of Long Is ($84.8m) and Baystate Noble Hospital Corporation ($84.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.0m (1.2% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $40.6m against liabilities of $14.5m, net assets of $26.1m. It reported 175 employees.