Project Medsend

Analysis

Project Medsend is a registered charity in United States, based in Fort Mill, SC. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Project Medsend reported income of $2.8m and spending of $3.2m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.8m to $2.8m (-0.7%), an average of -0.2% a year. The sharpest change came in the year to June 2020, when income rose by 69%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Medsend sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within SC. Charities of a similar size with the same main cause include Le3 Inc ($2.8m), Spark the Journey ($2.8m) and Henry Ford Community College Foundation ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $151k (4.7% of expenses). Other salaries and wages came to $834k. It paid $25k in professional fundraising fees. At year end it held assets of $3.4m against liabilities of $151k, net assets of $3.3m. It reported 19 employees.