World Medical Association Inc

Analysis

World Medical Association Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1965, 61 years ago. Its declared purposes cover health care, 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, World Medical Association Inc reported income of $4.6m and spending of $4.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $4.6m (+82%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 106%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, World Medical Association Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Community Ambulance Company Inc ($4.6m), Valley Caregiver Resource Center ($4.6m) and American Academy of Nursing Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $586k (13% of expenses). Other salaries and wages came to $354k. At year end it held assets of $8.2m against liabilities of $4.3m, net assets of $3.9m.