Foundation for Philippine Medical Missions

Analysis

Foundation for Philippine Medical Missions is a registered charity in United States, based in Woodbury, MN. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Foundation for Philippine Medical Missions reported income of $121k and spending of $92k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $121k (+127%), an average of +127% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for Philippine Medical Missions sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within MN. Charities of a similar size with the same main cause include Giving Tree ($121k), Bowery Mission Foundation Inc ($121k) and People Making a Difference Through Community Service Inc ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.