Community Medical Associates Inc

Analysis

Community Medical Associates Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 1996, 30 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 December 2023, Community Medical Associates Inc reported income of $730.3m and spending of $1.02bn, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $414.9m to $730.3m (+76%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 133% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Medical Associates Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within KY. Charities of a similar size with the same main cause include Phoebe Putney Memorial Hospital Inc ($728.6m), Memorial Hospital of South Bend ($730.5m) and Dialysis Clinic Inc ($728.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Other salaries and wages came to $638.2m. At year end it held assets of $201.9m against liabilities of $1.78bn, net assets of -$1.58bn. It reported 6,204 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.