Medic One Foundation

Analysis

Medic One Foundation is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in May 1975, 51 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, Medic One Foundation reported income of $5.5m and spending of $3.9m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $5.5m (+117%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medic One Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include California Hospital Medical Center Foundation ($5.5m), Grundy Emergency Medical Services Inc ($5.5m) and Project Camp Inc ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $228k (5.8% of expenses). Other salaries and wages came to $450k. It paid $24k in professional fundraising fees. At year end it held assets of $9.8m against liabilities of $616k, net assets of $9.2m. It reported 8 employees.