Academic Medicine Services Inc

Analysis

Academic Medicine Services Inc is a registered charity in United States, based in Amherst, NY. It received its IRS tax-exemption ruling in March 1995, 31 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, Academic Medicine Services Inc reported income of $46.5m and spending of $43.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $39.8m to $46.5m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Academic Medicine Services Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include American Academy of Orthopedic Surgeons ($46.5m), Music City Prep Clinic ($46.5m) and Ferrell Hospital Community Foundation ($46.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.2m (5.0% of expenses). Other salaries and wages came to $31.1m. At year end it held assets of $16.5m against liabilities of $6.0m, net assets of $10.5m. It reported 316 employees.