Texas Academy of Medicine Engineering Science and Technology

Analysis

Texas Academy of Medicine Engineering Science and Technology is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover medical research, 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, Texas Academy of Medicine Engineering Science and Technology reported income of $1.6m and spending of $1.4m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas Academy of Medicine Engineering Science and Technology sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Holy Cross Health Foundation Inc ($1.6m), Kern Medical Center Foundation ($1.6m) and Samaritan Counseling Center of Atlanta Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $231k (16% of expenses). Other salaries and wages came to $509k. At year end it held assets of $20.4m against liabilities of $67k, net assets of $20.4m. It reported 7 employees.