Foundation for Innovations in Medical Education

Analysis

Foundation for Innovations in Medical Education is a registered charity in United States, based in Oyster Bay, NY. It received its IRS tax-exemption ruling in June 2010, 16 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 November 2023, Foundation for Innovations in Medical Education reported income of $92k and spending of $83k, spending 90% of its income. Across the 5 years on record, from November 2019 to November 2023, income fell from $110k to $92k (-16%), an average of -4.4% a year. The sharpest change came in the year to November 2021, when income dropped by 50%. Over the whole period it spent 54% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Innovations in Medical Education sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Emmanuel Project of Northeast Florida ($92k), Ovar Coming Together Inc ($92k) and In Time of Need Foundation Inc ($92k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $782k against liabilities of $0, net assets of $782k.