Undue Medical Debt
Undue Medical Debt
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About this organization
Mission
Our mission is to end medical debt and be a source of justice in an unjust healthcare finance system.
About
We are a national nonprofit whose purpose is to strengthen communities by abolishing financially burdensome medical debt. Our unique and highly leveraged debt abolishment model combines the generosity of donors with debt industry expertise to produce a high volume of debt relief return, mitigating significant financial and mental distress for millions of people. By partnering with us, health care systems can strengthen individuals and communities by relieving dormant, uncollectible, and damaging bad debts and can identify opportunities to refine their financial assistance programs to better serve their communities. Our work brings attention to the range of negative impacts of medical debt and a deeper understanding of its causes. These efforts support progress toward a more equitable healthcare system.
Interesting data from their 2019 990 filing
From their filing, the objective of the non-profit is stated as “The organization's mission is to purchase the medical debt of poor individuals and abolish the debt. the organization seeks to accomplish its mission through its debt forgiveness program.”.
When talking about its functions, they were outlined as: “Purchases and abolishes medical debt for poor individuals.”.
- The legally reported state of operation for the non-profit is NY.
- According to the filing, the non-profit's address in 2019 is 80 THEODORE FREMD AVENUE, RYE, NY, 10580.
- The non-profit organization as of 2019 has a total of 1 employees reported on their form.
- Is not a private foundation.
- Expenses are less than $100,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is $86,762.
- The organization has 2 independent voting members.
- The organization was formed in 2014.
- The organization pays $61,600 in salary, compensation, and benefits to its employees.
- The organization pays $27,661 in fundraising expenses.
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