Md1 Program Inc

Analysis

Md1 Program Inc is a registered charity in United States, based in Fairfield, NJ. It received its IRS tax-exemption ruling in July 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Md1 Program Inc reported income of $311k and spending of $388k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $311k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2020, when income rose by 171%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Md1 Program Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include School of Service ($310k), Starting Hearts Inc ($311k) and Hillsboro Charitable Foundation Inc ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $80k (21% of expenses). Other salaries and wages came to $85k. At year end it held assets of $104k against liabilities of $428, net assets of $104k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.