Medical Financial Services Inc

Analysis

Medical Financial Services Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Medical Financial Services Inc reported income of $586k and spending of $440k, leaving 25% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $5.0m to $586k (-88%), an average of -42% a year. The sharpest change came in the year to September 2023, when income dropped by 59%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical Financial Services Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Horses with H E a R T Inc ($586k), Atlantic Partners Ems Inc ($586k) and Hope Within Ministries Inc ($585k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $6.0m against liabilities of $338k, net assets of $5.6m. It reported 23 employees.