Medford Cruise Inc

Analysis

Medford Cruise Inc is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2024, Medford Cruise Inc reported income of $76k and spending of $77k, spending 101% of its income. Across the 3 years on record, from August 2022 to August 2024, income fell from $89k to $76k (-15%), an average of -7.7% a year. The sharpest change came in the year to August 2023, when income dropped by 18%. Over the whole period it spent 115% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Medford Cruise Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within OR. Charities of a similar size with the same main cause include Destiny Care Foundation ($76k), Sunrise Rotary Foundation of Key West Inc ($76k) and Mesquite Police Association Charities ($76k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. At year end it held assets of $9,309 against liabilities of $0, net assets of $9,309.

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.