Med13l Foundation Inc

Analysis

Med13l Foundation Inc is a registered charity in United States, based in Park Ridge, IL. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Med13l Foundation Inc reported income of $609k and spending of $201k, leaving 67% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $324k to $609k (+88%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 26% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Med13l Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Cincinnati Eye Institute Foundation ($609k), Bethel Community Ambulance ($609k) and Premier Community Health ($609k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $740k against liabilities of $0, net assets of $740k.