Medical Loan Closet Of Henderson County Inc

Organization Overview

Medical Loan Closet Of Henderson County Inc is located in Hendersonville, NC. The organization was established in 2009. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Loan Closet Of Henderson County Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Medical Loan Closet Of Henderson County Inc generated $127.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $101.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3

THE PROVISION OF DURABLE MEDICAL EQUIPMENT ON A LOAN BASIS TO APPROXIMATELY 2,419 CLIENTS PER YEAR.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$38,379
Total Program Service Revenue$83,901
Membership dues$0
Investment income $48
Gain or Loss$0
Net Income from Gaming & Fundraising$5,527
Other Revenue$0
Total Revenue$127,855

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Medical Loan Closet Of Henderson County Inc has recieved totaling $22,117.

Awarding OrganizationAmount
Henderson County United Way Inc

Hendersonville, NC

PURPOSE: GENERAL SUPPORT

$22,079
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$38
View Grant Recipient Profile

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