Med Aditus Foundation Inc

Analysis

Med Aditus Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 2020, 6 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 2023, Med Aditus Foundation Inc reported income of $216k and spending of $229k, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $127k to $216k (+69%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Med Aditus Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Madeline Fiadini Lore Foundation for Cancer Inc ($216k), Center Clinic-Incorporated ($216k) and Apache Creek Deaf and Youth Ranch ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $66k against liabilities of $176k, net assets of -$110k.

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.