Deep Medicine Circle

Analysis

Deep Medicine Circle is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in June 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 (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, Deep Medicine Circle reported income of $1.9m and spending of $1.9m, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.2m to $1.9m (+66%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Deep Medicine Circle sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Owensboro Health Foundation Inc ($1.9m), Caledonia-Essex Area Ambulance ($1.9m) and In-Home Care of Central Washington ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $88k (4.7% of expenses). Other salaries and wages came to $809k. At year end it held assets of $1.3m against liabilities of $103k, net assets of $1.2m. It reported 19 employees.