Medi Inc

Analysis

Medi Inc is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in May 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 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 December 2023, Medi Inc reported income of $63k and spending of $222k, spending 350% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.7m to $63k (-98%), an average of -98% a year. The sharpest change came in the year to December 2023, when income dropped by 98%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medi Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 31st percentile within SC. Charities of a similar size with the same main cause include MPN Peoria ($63k), Calcagnini ALS Foundation Inc ($63k) and Drive Away Parkinsons Inc ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% of the total. Other salaries and wages came to $95k. At year end it held assets of $49k against liabilities of $64k, net assets of -$15k.