Medvantage Research Inc

Analysis

Medvantage Research Inc is a registered charity in United States, based in Rocklin, CA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover medical research, 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, Medvantage Research Inc reported income of $150k and spending of $172k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $181k to $150k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medvantage Research Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include West Shore Family Support ($150k), Apel Health Services Center Inc ($150k) and Safe Meadow Medical Center ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.