Medical Education Cooperation with Cuba

Analysis

Medical Education Cooperation with Cuba is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Medical Education Cooperation with Cuba reported income of $571k and spending of $391k, leaving 32% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $601k to $571k (-5.0%), an average of -1.0% a year. The sharpest change came in the year to December 2019, when income rose by 43%. Over the whole period it spent 110% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Medical Education Cooperation with Cuba sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include American Friends of Nehora Inc ($571k), Aspire Institute Inc ($572k) and Face of Hope Foundation ($571k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $55k (14% of expenses). Other salaries and wages came to $73k. At year end it held assets of $713k against liabilities of $211k, net assets of $501k. It reported 7 employees.