Continuing Medical Education Institute Inc

Analysis

Continuing Medical Education Institute Inc is a registered charity in United States, based in Wayzata, MN. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Continuing Medical Education Institute Inc reported income of $89k and spending of $85k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $280k to $89k (-68%), an average of -25% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Continuing Medical Education Institute Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within MN. Charities of a similar size with the same main cause include Illinois Congress of Parents Teachers ($89k), University Partnerships Community of Practice ($89k) and Comfort Athletic Booster Club ($89k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1,500 (1.8% of expenses). At year end it held assets of $1,079 against liabilities of $25k, net assets of -$24k. It reported 1 employees.