Initiative for Medicines Access &knowledge I-Mak Inc

Analysis

Initiative for Medicines Access &knowledge I-Mak Inc is a registered charity in United States, based in Lewes, DE. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Initiative for Medicines Access &knowledge I-Mak Inc reported income of $2.9m and spending of $1.7m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $724k to $2.9m (+303%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 67% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Initiative for Medicines Access &knowledge I-Mak Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within DE. Charities of a similar size with the same main cause include Free Speech for People Inc ($2.9m), Tennessee Alliance for Legal Services ($2.9m) and Bridging Freedom Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $474k (28% of expenses). Other salaries and wages came to $193k. At year end it held assets of $4.4m against liabilities of $118k, net assets of $4.3m. It reported 6 employees.