Association of American Medical Colleges

Analysis

Association of American Medical Colleges is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1957, 69 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Association of American Medical Colleges reported income of $281.5m and spending of $271.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $228.8m to $281.5m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Association of American Medical Colleges sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within DC. Charities of a similar size with the same main cause include The Health Science Center at ($280.6m), Oklahoma State University Foundation ($281.5m) and International American Education Federation Inc ($278.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $11.9m (4.4% of expenses). Other salaries and wages came to $92.1m. At year end it held assets of $638.3m against liabilities of $237.0m, net assets of $401.3m. It reported 923 employees.