International Society of Magnetic Resonance in Medicine

Analysis

International Society of Magnetic Resonance in Medicine is a registered charity in United States, based in Concord, CA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover health care, 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 September 2023, International Society of Magnetic Resonance in Medicine reported income of $9.8m and spending of $8.7m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.8m to $9.8m (+12%), an average of +2.9% a year. The sharpest change came in the year to September 2022, when income rose by 57%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, International Society of Magnetic Resonance in Medicine sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include VVMC Diversified Services ($9.8m), Promedica Physician Group Inc ($9.8m) and Georgia Harm Reduction Coalition Inc ($9.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $561k (6.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $15.7m against liabilities of $1.3m, net assets of $14.3m. It reported 20 employees.