Suffolk Academy of Medicine

Analysis

Suffolk Academy of Medicine is a registered charity in United States, based in Huntington, NY. It received its IRS tax-exemption ruling in March 1963, 63 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Suffolk Academy of Medicine reported income of $199k and spending of $209k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $199k (+136%), an average of +136% a year. The sharpest change came in the year to December 2023, when income rose by 136%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Suffolk Academy of Medicine sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Caddo Mills Isd Education Foundation Inc ($199k), Westside Support Services Foundation ($199k) and Musicians for Education Inc ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,241 against liabilities of $331k, net assets of -$323k.