Medstreet Inc

Analysis

Medstreet Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in November 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 (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 2021, Medstreet Inc reported income of $246k and spending of $35k, leaving 86% of income unspent that year. Across the 2 years on record, from December 2020 to December 2021, income grew from $48k to $246k (+410%), an average of +410% a year. The sharpest change came in the year to December 2021, when income rose by 410%. Over the whole period it spent 18% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medstreet Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Down Syndrome Association of Central Kentucky Inc ($246k), Downeast Horizons Foundation ($246k) and Unity House of Davenport Inc ($246k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $243k against liabilities of $0, net assets of $243k.