Medbank Foundation Incorporated

Analysis

Medbank Foundation Incorporated is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in December 1995, 31 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, Medbank Foundation Incorporated reported income of $442k and spending of $406k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $409k to $442k (+8.0%), an average of +1.9% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medbank Foundation Incorporated sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within GA. Charities of a similar size with the same main cause include L a Net Community Health Resourc Network ($442k), The Hope Clinic Inc ($442k) and Healing Consciousness Foundation ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $72k (18% of expenses). Other salaries and wages came to $132k. At year end it held assets of $224k against liabilities of $10k, net assets of $214k. It reported 10 employees.