Overview
What is International Medical Help Society?
International Medical Help Society is a nonprofit organization situated in Richardson, Texas. Established with the original mission of providing medical assistance, aiding medical research, and spreading health-related education and information, the organization has since evolved to serve as a Donor Advised Fund (DAF). In this capacity, it facilitates charitable contributions from donors in America, allowing them to donate to their chosen organizations at any time, not just during the year-end. The platform ensures timely grants, exempts donors from capital gains tax on appreciated assets, and provides professional management of donated funds. Additionally, the society continues to provide worldwide medical assistance to the poor and needy.
Official website here: www.medicalhelpsociety.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The International Medical Help Society has received a two-star rating from Charity Navigator, indicating a need for improvement in various aspects of its operations. The organization scored 69% overall, which suggests that while it demonstrates strong program expense management with 96.03%, there are significant gaps in governance practices, particularly concerning missing policies on conflict of interest, whistleblower protection, and document retention.
An area of strength for the organization is its independent board structure, which has been well-rated, with full points awarded for board member independence and size. Additionally, the organization shows a healthy liabilities to assets ratio of 0.33%, indicating solid financial stability.
However, the absence of essential governance policies raises concerns about the organization's accountability and transparency. These deficiencies could undermine trust with stakeholders and the public, suggesting that the International Medical Help Society needs to address these areas to enhance its overall rating and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is International Medical Help Society legitimate?
International Medical Help Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Medical Help Society submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.medicalhelpsociety.org/
What is the mission statement of International Medical Help Society?
The International Medical Help Society, as a Donor-Advised Fund (DAF), aims to support the growth of various non-profit organizations by providing a flexible platform for charitable contributions. Donors can choose the organizations they wish to support, and the society also continues to offer medical assistance. Originally established to provide medical aid, conduct medical research, and disseminate health-related education and information, the society has since 2014 expanded its mission. It now focuses on creating an effective community platform for offering free services, guidance, and a donation platform to numerous donors in the United States. This allows for timely grants during periods of high need, accepts appreciated assets or investments for tax exemptions, facilitates donations at any time, and offers online tracking of grants and donations. The society also manages donated funds professionally and allows for longer holding periods for contributions to maximize growth, matching the donor's timeline.
Official website here: www.medicalhelpsociety.org/
Who is the CEO of International Medical Help Society?
Vaishali Thakkar is the Secretary & of International Medical Help Society.
Official website here: www.medicalhelpsociety.org/
What is the revenue of International Medical Help Society?
International Medical Help Society's revenue in 2022 was $2,363,484.
Official website here: www.medicalhelpsociety.org/
Who are the executives of International Medical Help Society and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.medicalhelpsociety.org/
Where can I find the form 990 for International Medical Help Society?
International Medical Help Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.medicalhelpsociety.org/
Learn more at the official website: www.medicalhelpsociety.org/
Mission Statement of International Medical Help Society
The International Medical Help Society, as a Donor-Advised Fund (DAF), has evolved its mission to assist the growth of various nonprofit organizations. Initially, its purpose was to offer medical assistance, support medical research, and disseminate health-related education and information. However, since 2014, the organization has expanded its scope to serve as a platform for charitable contributions, providing maximum flexibility to donors who wish to support their preferred nonprofit organizations.
This transformation in its mission now includes providing a community platform for free services, guidance, and a facilitated donation process to numerous donors in America. The International Medical Help Society ensures that donations are made at the right time, allowing contributions to grow in value until an urgent situation necessitates charitable giving. They also accept appreciated assets or investments from donors, offering exemption from capital gains tax to encourage larger contributions.
Furthermore, the International Medical Help Society facilitates charitable donations at any time, not just during the end of the year. They maintain an online system to keep track of grants and donations, enabling donors to monitor the status of their contributions. In addition, the organization offers professional management of donated funds and allows for longer time zones for holding contributions, thereby maximizing growth over time to match the donor's timeline.
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Impact
October, 2024
International Medical Help Society has made a significant impact by providing a versatile platform for charitable contributions, empowering donors to select organizations that align with their values. Since transitioning into a donor-advised fund in 2014, it has enhanced its mission to offer timely grants to those in need while also allowing contributions to grow in value until the right moment for donation arises.
By accepting appreciated assets, the society helps donors maximize their contributions while providing tax exemptions, thus fostering larger charitable gifts. The organization facilitates donations year-round, not just during the holiday season, making it easier for individuals to contribute when it matters most. Through professional fund management and a robust online system for tracking donations, donors can easily review the status of their contributions.
Additionally, by combining this financial flexibility with ongoing medical assistance initiatives, International Medical Help Society promotes a comprehensive approach to addressing healthcare needs and supporting medical research and education. This dual focus ultimately helps create a more effective framework for delivering aid to the poor and needy worldwide.
This information is meant to be a general summary of International Medical Help Society. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,312,182
- Gross Receipts: $4,665,293
Assets and Liabilities:
- Total Assets: $119,986,405
- Total Liabilities: $399,852
- Net Assets: $119,586,553
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Organization Details
Founding Year
2008
Phone
(469) 828-0829Principal Officer
Vaishali Thakkar
Main Address
1210 EAST BELTLINE ROAD, RICHARDSON, TX, 75081
Website
www.medicalhelpsociety.org/NTEE Category
Code: Q30 - International
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