Sos Medical Inc

Analysis

Sos Medical Inc is a registered charity in United States, based in Millersville, MO. It received its IRS tax-exemption ruling in April 2021, 5 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, Sos Medical Inc reported income of $914k and spending of $696k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $611k to $914k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sos Medical Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within MO. Charities of a similar size with the same main cause include Taft Counseling Center Inc ($914k), Sacred Heart Community Clinic Inc ($914k) and Grinnell Regional Medical Center Foundation ($914k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. Other salaries and wages came to $326k. At year end it held assets of $1.4m against liabilities of $879k, net assets of $483k.