Health and Medical Research Charities of America

Analysis

Health and Medical Research Charities of America is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in May 1995, 31 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 (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 2024, Health and Medical Research Charities of America reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 5 years on record, from April 2020 to April 2024, income fell from $2.6m to $1.7m (-33%), an average of -9.4% a year. The sharpest change came in the year to April 2021, when income dropped by 23%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Health and Medical Research Charities of America sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Silver Lining Missions ($1.7m), Birmingham Bar Foundation ($1.7m) and Newborns in Need Inc ($1.7m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.8m against liabilities of $1.8m, net assets of $0.