Academy of Medicine Education Foundation

Analysis

Academy of Medicine Education Foundation is a registered charity in United States, based in Independence, OH. It received its IRS tax-exemption ruling in August 2002, 24 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 December 2023, Academy of Medicine Education Foundation reported income of $202k and spending of $188k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $82k to $202k (+145%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 215%. Over the whole period it spent 146% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Academy of Medicine Education Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include One Yoga ($202k), Samaritan Auxiliary ($202k) and Olivias Hope Foundation ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.