Medcom Inc

Analysis

Medcom Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Medcom Inc reported income of $394k and spending of $333k, spending 84% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $250k to $394k (+58%), an average of +26% a year. The sharpest change came in the year to June 2024, when income rose by 58%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medcom Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include Cardiac Surgery Clinical Research Center Inc ($394k), Obion County Prevention Coalition ($394k) and Hope Spot ($394k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $225k against liabilities of $0, net assets of $225k.