Ventura County Medical Resource Foundation

Analysis

Ventura County Medical Resource Foundation is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in October 1959, 67 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ventura County Medical Resource Foundation reported income of $114k and spending of $346k, spending 303% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $424k to $114k (-73%), an average of -28% a year. The sharpest change came in the year to December 2021, when income rose by 222%. Over the whole period it spent 142% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ventura County Medical Resource Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Friends of the Middlesex County Asap Adult Substance Abuse Program ($114k), Washington Association of Chinese American Physicians ($114k) and For 3 Sisters ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. Compensation of current officers, directors and key employees was $144k (42% of expenses). Other salaries and wages came to $67k. At year end it held assets of $3.6m against liabilities of $9,702, net assets of $3.6m. It reported 2 employees.