Westchester Academy of Medicine

Analysis

Westchester Academy of Medicine is a registered charity in United States, based in Sleepy Hollow, NY. It received its IRS tax-exemption ruling in February 1959, 67 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Westchester Academy of Medicine reported income of $108k and spending of $170k, spending 157% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $152k to $108k (-29%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 28%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westchester Academy of Medicine sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include A Time 2 Read Inc ($108k), Capitol Hill Parent Teacher Organization ($109k) and Cary Grove High School Booster Club ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $24k (14% of expenses). Other salaries and wages came to $49k. At year end it held assets of $1.7m against liabilities of $7,870, net assets of $1.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.