Iraqi Medical Sciences Association

Analysis

Iraqi Medical Sciences Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2002, 24 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, Iraqi Medical Sciences Association reported income of $109k and spending of $127k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $149k to $109k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iraqi Medical Sciences Association 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 40th percentile within IL. Charities of a similar size with the same main cause include Servantleader Resources ($109k), Mahwah Schools Foundation a Non Profit Corporation ($109k) and Little Silver Parent-Teachers Organization ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.