South Metro Medical Equipment Loan Closet

Analysis

South Metro Medical Equipment Loan Closet is a registered charity in United States, based in Centennial, CO. It received its IRS tax-exemption ruling in May 2016, 10 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, South Metro Medical Equipment Loan Closet reported income of $78k and spending of $61k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $78k (-10.0%), an average of -10% a year. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, South Metro Medical Equipment Loan Closet sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within CO. Charities of a similar size with the same main cause include Crush Childhood Cancer ($78k), Fillager Memorial Hospital of Greenfield Inc ($78k) and Philadelphia Rheumatism Society ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $269k against liabilities of $1,792, net assets of $267k.