Medglobal Inc

Analysis

Medglobal Inc is a registered charity in United States, based in Chicago Ridge, IL. It received its IRS tax-exemption ruling in April 2018, 8 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 2022, Medglobal Inc reported income of $12.6m and spending of $11.9m, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $5.8m to $12.6m (+118%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 120%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medglobal Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Inland Behavioral and Health Services Inc ($12.6m), Teton Youth & Family Services Inc ($12.6m) and Housing Options & Geriatric Association & Resources Inc ($12.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $160k. At year end it held assets of $3.4m against liabilities of $35k, net assets of $3.4m. It reported 10 employees.