Texas Medical Association Library

Analysis

Texas Medical Association Library is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Texas Medical Association Library reported income of $274k and spending of $254k, spending 93% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $240k to $274k (+14%), an average of +2.7% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Medical Association Library sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Education Across Borders ($274k), Barefoot University ($274k) and Sema Memorial Scholarship Fund ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.