The Wright Center for Graduate Medical Education

Analysis

The Wright Center for Graduate Medical Education is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in October 1976, 50 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 June 2023, The Wright Center for Graduate Medical Education reported income of $43.8m and spending of $41.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.7m to $43.8m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Wright Center for Graduate Medical Education sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Adams County Regional Medical Center ($43.8m), Jessie Trice Community Health System Inc ($43.9m) and Planned Parenthood of Southern New England Inc ($43.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $2.1m (5.1% of expenses). Other salaries and wages came to $21.2m. At year end it held assets of $34.2m against liabilities of $18.5m, net assets of $15.7m. It reported 447 employees.