American Society of Addiction Medicine Inc

Analysis

American Society of Addiction Medicine Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, American Society of Addiction Medicine Inc reported income of $12.7m and spending of $13.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.8m to $12.7m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, American Society of Addiction Medicine Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Healing Hands Ministries Inc ($12.7m), Douglas County Memorial Hospital ($12.8m) and Florida Association of Free and Charitable Clinics Inc ($12.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.8% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $1.4m (10% of expenses). Other salaries and wages came to $4.9m. It paid $33k in professional fundraising fees. At year end it held assets of $14.6m against liabilities of $5.2m, net assets of $9.5m. It reported 70 employees.