Nassau Academy of Medicine

Analysis

Nassau Academy of Medicine is a registered charity in United States, based in New Hyde Park, NY. It received its IRS tax-exemption ruling in July 1961, 65 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nassau Academy of Medicine reported income of $190k and spending of $248k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $125k to $190k (+52%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 4660%. Over the whole period it spent 14% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nassau Academy of Medicine 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 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Hillcrest High School Community Foundation ($190k), Go for the Greens Foundation Inc ($190k) and Patrons of Music Students Inc ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. Other salaries and wages came to $65k. At year end it held assets of $6.1m against liabilities of $4,895, net assets of $6.1m. It reported 2 employees.