Indian American Medical Assn Il Charitable Foundation Inc

Analysis

Indian American Medical Assn Il Charitable Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1994, 32 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Indian American Medical Assn Il Charitable Foundation Inc reported income of $179k and spending of $198k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $351k to $179k (-49%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indian American Medical Assn Il Charitable Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Boy Scouts of America ($179k), Hastings Youth Athletic Association ($179k) and Schleicher County Public Library ($179k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $108k. At year end it held assets of $1.6m against liabilities of $132, net assets of $1.6m. It reported 14 employees.