Institute for Ethnomedicine Inc

Analysis

Institute for Ethnomedicine Inc is a registered charity in United States, based in Jackson, WY. It received its IRS tax-exemption ruling in April 2005, 21 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, Institute for Ethnomedicine Inc reported income of $2.0m and spending of $2.7m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $2.0m (-33%), an average of -9.5% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Institute for Ethnomedicine Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 91st percentile within WY. Charities of a similar size with the same main cause include Surfside Recovery Services Inc ($2.0m), Harvest USA ($2.0m) and Colon Cancer Coalition Foundation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $358k (13% of expenses). Other salaries and wages came to $500k. At year end it held assets of $3.5m against liabilities of $538k, net assets of $3.0m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.