Medical Research Charities Inc

Analysis

Medical Research Charities Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 April 2023, Medical Research Charities Inc reported income of $397k and spending of $346k, spending 87% of its income. Across the 5 years on record, from April 2019 to April 2023, income fell from $708k to $397k (-44%), an average of -14% a year. The sharpest change came in the year to April 2022, when income dropped by 23%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medical Research Charities Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Topeka Swim Association Inc ($397k), Missouri Police Chiefs Charitable Foundation ($397k) and Road Runners Club of America ($397k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $394k against liabilities of $246k, net assets of $147k.