Alliance of Independent Academic Medical Centers

Analysis

Alliance of Independent Academic Medical Centers is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alliance of Independent Academic Medical Centers reported income of $455k and spending of $541k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $537k to $455k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Alliance of Independent Academic Medical Centers sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Morning Star Community Services ($455k), Tater Tots Pediatric Therapy ($455k) and Stanley Community Hospital ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $275k (51% of expenses). At year end it held assets of $232k against liabilities of $0, net assets of $232k.