Medici Road

Analysis

Medici Road is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Medici Road reported income of $776k and spending of $1.2m, spending 152% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $650k to $776k (+19%), an average of +9.3% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Medici Road sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 50th percentile within DC. Charities of a similar size with the same main cause include Maywood Mission ($776k), Davis Farmers Market Alliance ($776k) and Southwest Food Program Inc ($776k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $95k (8.1% of expenses). Other salaries and wages came to $518k. At year end it held assets of $4.4m against liabilities of $4.1m, net assets of $285k. It reported 14 employees.