Medical Education Foundation Inc

Analysis

Medical Education Foundation Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in July 1973, 53 years ago. 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 October 2023, Medical Education Foundation Inc reported income of $510k and spending of $210k, leaving 59% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income fell from $541k to $510k (-5.8%), an average of -1.5% a year. The sharpest change came in the year to October 2021, when income rose by 255%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medical Education Foundation 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 71st percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include Junction Business Services Inc ($510k), Friends of the Public Bank East Bay ($510k) and National Church Residences of Sterling Heights II Mi Inc ($510k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 42% of the total. Compensation of current officers, directors and key employees was $18k (8.6% of expenses). At year end it held assets of $6.9m against liabilities of $140k, net assets of $6.8m.