Monticello Medical Associates Inc

Analysis

Monticello Medical Associates Inc is a registered charity in United States, based in Monticello, KY. It received its IRS tax-exemption ruling in June 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Monticello Medical Associates Inc reported income of $10.1m and spending of $8.2m, spending 81% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $2.3m to $10.1m (+348%), an average of +112% a year. The sharpest change came in the year to June 2022, when income rose by 347%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Monticello Medical Associates Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Hillview Mental Health Center Inc ($10.1m), The Osborn Family Health Center Inc ($10.1m) and Ucp of Western Massachusetts Inc ($10.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $262k (3.2% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $7.4m against liabilities of $5.0m, net assets of $2.4m. It reported 79 employees.