Medi-rec Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Medi-rec Foundation is a 501(c)(3) organization based in Apex, North Carolina, registered in 1975, with $27,757 in FY2023 revenue. CharityIndex grades it D.
306 Lyndenbury Dr, Apex, NC, 27502 EIN 06-6182480 Since 1975
Revenue (FY2023)
$28K
▲ 5.6% vs prior year
Expenses (FY2023)
$38K
Net assets
$265K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Medi-rec Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating84 mo reserves · -36% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Medi-rec Foundation: 84 mo reserves · -36% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Medi-rec Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Medi-rec Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 306 Lyndenbury Dr, Apex, NC, 27502
- City
- Apex
- State
- North Carolina
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $20K (FY2013) to $28K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $2,265Net assets $265K
Operating margin
-35.7%
Spent more than it raised in the latest fiscal year.
Total assets
$267K
Total liabilities
$2,265
Net assets
$265K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $27,757▲5.6% | $37,661▲2.7% | $264,820▼3.6% | $267,085▼2.8% | 990PF |
| 2022 | $26,283▼30.0% | $36,681▲38.3% | $274,724▼3.6% | $274,724▼3.8% | 990PF |
| 2021 | $37,529▲59.8% | $26,515▼26.7% | $285,122▲4.0% | $285,622▼3.6% | 990PF |
| 2020 | $23,484▼40.1% | $36,184▲6.1% | $274,101▼4.4% | $296,208▲3.3% | 990PF |
| 2019 | $39,208▲63.2% | $34,114▲11.2% | $286,631▲1.8% | $286,731▲0.2% | 990PF |
| 2018 | $24,018▼6.9% | $30,688▼14.8% | $281,537▼2.3% | $286,037▼0.8% | 990PF |
| 2017 | $25,790▲12.8% | $36,030▲11.1% | $288,207▼3.4% | $288,207▼3.4% | 990PF |
| 2016 | $22,864▼5.9% | $32,424▼8.7% | $298,447▼3.1% | $298,447▼3.1% | 990PF |
| 2015 | $24,288▲48.4% | $35,512▼8.7% | $308,007▼26.3% | $308,007▼26.3% | 990PF |
| 2014 | $16,362▼19.3% | $38,897▲8.4% | $418,109▼11.3% | $418,109▼11.3% | 990PF |
| 2013 | $20,271 | $35,899▼11.2% | $471,419▲5.6% | $471,419▲5.6% | 990PF |
| 2012 | — | $40,419▲22.9% | $446,516▼1.5% | $446,516▼1.5% | 990PF |
| 2011 | — | $32,890 | $453,504 | $453,504 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Medi-rec Foundation a legitimate nonprofit?
- Yes. Medi-rec Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-6182480, based in Apex, North Carolina. Donations are tax-deductible.
- What is Medi-rec Foundation's EIN?
- Medi-rec Foundation's Employer Identification Number (EIN) is 06-6182480.
- How much revenue does Medi-rec Foundation report?
- Medi-rec Foundation reported $27,757 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Medi-rec Foundation have?
- CharityIndex grades Medi-rec Foundation D, based on financial health (reserves and operating margin).
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Data for Medi-rec Foundation (EIN 06-6182480) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.