Medical Foundation Inc Non Profit Organization

Analysis

Medical Foundation Inc Non Profit Organization is a registered charity in United States, based in Meridian, MS. It received its IRS tax-exemption ruling in April 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Medical Foundation Inc Non Profit Organization reported income of $33.2m and spending of $52.7m, spending 159% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $68.9m to $33.2m (-52%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical Foundation Inc Non Profit Organization sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within MS. Charities of a similar size with the same main cause include Mosaic Health System ($33.2m), Greater Mental Health of New York Inc ($33.2m) and Lead ($33.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 4.4% and program service revenue 95% of the total. Other salaries and wages came to $29.1m. At year end it held assets of $1.4m against liabilities of $21.7m, net assets of -$20.2m. It reported 339 employees.