Savoy Medical Management Group Inc

Analysis

Savoy Medical Management Group Inc is a registered charity in United States, based in Mamou, LA. It received its IRS tax-exemption ruling in December 2017, 9 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 2023, Savoy Medical Management Group Inc reported income of $44.4m and spending of $43.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.6m to $44.4m (+88%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Savoy Medical Management Group Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Childrens Hospital Radiology Foundation Inc ($44.4m), Mab Community Services Inc ($44.4m) and Visiting Nurse Health System Inc ($44.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $9.5m. At year end it held assets of $14.2m against liabilities of $7.0m, net assets of $7.3m. It reported 281 employees.