Rural Medical Services Inc

Analysis

Rural Medical Services Inc is a registered charity in United States, based in Newport, TN. It received its IRS tax-exemption ruling in March 1982, 44 years ago. 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 March 2024, Rural Medical Services Inc reported income of $14.3m and spending of $15.4m, spending 108% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $10.4m to $14.3m (+37%), an average of +8.2% a year. The sharpest change came in the year to March 2022, when income rose by 40%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rural Medical Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include American Academy of Physical Medicine and Rehabilitation ($14.3m), Maria Joseph Manor Inc ($14.3m) and Any Baby Can of Austin Inc ($14.3m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $999k (6.5% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $14.9m against liabilities of $1.9m, net assets of $12.9m. It reported 133 employees.