Penta Medical Recycling Corp

Analysis

Penta Medical Recycling Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Penta Medical Recycling Corp reported income of $651k and spending of $669k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $421k to $651k (+54%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Penta Medical Recycling Corp sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Hope of the Nations Inc ($650k), Disciples Village ($651k) and Yaazoru -Chasdei Binyomin Inc ($650k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $95k (14% of expenses). Other salaries and wages came to $165k. At year end it held assets of $205k against liabilities of $17k, net assets of $188k. It reported 3 employees.