Hungarian Medical Association of America Inc

Analysis

Hungarian Medical Association of America Inc is a registered charity in United States, based in Haymarket, VA. It received its IRS tax-exemption ruling in February 2024, 2 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, Hungarian Medical Association of America Inc reported income of $67k and spending of $133k, spending 198% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $156k to $67k (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 130% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hungarian Medical Association of America Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 26th percentile within VA. Charities of a similar size with the same main cause include School District No 20 Education Foundation ($67k), Dayton Dance Conservatory Company ($67k) and HBHS Grad Nite ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 67% of the total. At year end it held assets of $270k against liabilities of $202k, net assets of $68k.