Volta Medical Group

Analysis

Volta Medical Group is a registered charity in United States, based in Jurupa Valley, CA. It received its IRS tax-exemption ruling in January 2022, 4 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, Volta Medical Group reported income of $206k and spending of $449k, spending 218% of what it took in. The sharpest change came in the year to December 2023, when income rose by 6778%. Over the whole period it spent 228% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Volta Medical Group sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include International Biomedical Research Alliance ($206k), Mary Cameron Robinson Foundation ($206k) and Clay Student Leadership Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $250k. At year end it held assets of $46k against liabilities of $243k, net assets of -$197k.

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.