Medilife of Houston Inc

Analysis

Medilife of Houston Inc is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in October 1990, 36 years ago. 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, Medilife of Houston Inc reported income of $116k and spending of $143k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $169k to $116k (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2021, when income dropped by 42%. Over the whole period it spent 151% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medilife of Houston Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Volunteers of America Inc ($116k), The Art of the Early Keyboard Inc ($116k) and Lake Lotawana Parks and Recreation Inc ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $358k against liabilities of $0, net assets of $358k.

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.