Associated Medical Schools of New Y Ork

Analysis

Associated Medical Schools of New Y Ork is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1970, 56 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 June 2023, Associated Medical Schools of New Y Ork reported income of $5.7m and spending of $5.4m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $5.7m (+100%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Associated Medical Schools of New Y Ork sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Colorado Mesa University Real Estate Foundation ($5.7m), Imagine Desert West Middle Inc ($5.7m) and Santa Fe Community College Foundation ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $561k (10% of expenses). Other salaries and wages came to $500k. At year end it held assets of $6.4m against liabilities of $3.2m, net assets of $3.2m. It reported 12 employees.