American College of Medical Quality

Analysis

American College of Medical Quality is a registered charity in United States, based in Warrenville, IL. It received its IRS tax-exemption ruling in August 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, American College of Medical Quality reported income of $55k and spending of $125k, spending 226% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $408k to $55k (-86%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 74%. Over the whole period it spent 123% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American College of Medical Quality sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Jane Phillips PTO ($55k), Woods Creek Parent Teacher Organization ($55k) and Fort Fairfield Educational Fund ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 1.4% of the total. At year end it held assets of $60k against liabilities of $48k, net assets of $12k.

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.