Global Center for Medical Innovation Inc

Analysis

Global Center for Medical Innovation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 2011, 15 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Global Center for Medical Innovation Inc reported income of $1.6m and spending of $2.5m, spending 157% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.6m (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2020, when income rose by 445%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Global Center for Medical Innovation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Suburban Primary Health Care Council ($1.6m), Foundation for Urban Health and Well Being ($1.6m) and Diamond Headache Clinic Research and Educational Foundation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $8.4m against liabilities of $3.5m, net assets of $4.9m.

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.