American Board of Medical Specialties Research & Education F

Analysis

American Board of Medical Specialties Research & Education F is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Board of Medical Specialties Research & Education F reported income of $484k and spending of $1.1m, spending 226% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $99k to $484k (+391%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 636%. Over the whole period it spent 388% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, American Board of Medical Specialties Research & Education F sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include American Society of Health Economists ($484k), Pine Grove Community Ambulance Association ($485k) and Robbies Hope Foundation ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $127k (12% of expenses). Other salaries and wages came to $406k. At year end it held assets of $508k against liabilities of $3.3m, net assets of -$2.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.