Fund for Advancement of Medical Education and Research

Analysis

Fund for Advancement of Medical Education and Research is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Fund for Advancement of Medical Education and Research reported income of $712k and spending of $468k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $130k to $712k (+450%), an average of +53% a year. The sharpest change came in the year to June 2021, when income rose by 151%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fund for Advancement of Medical Education and Research sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within SD. Charities of a similar size with the same main cause include Life Connections Peer Recovery Services ($712k), Breastfeeding Resource Center ($712k) and Coalition to Cure Calpain 3 ($712k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 31% of the total. At year end it held assets of $4.4m against liabilities of $330, net assets of $4.4m.