American Medical Association Foundation

Analysis

American Medical Association Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1962, 64 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 June 2023, American Medical Association Foundation reported income of $2.3m and spending of $4.3m, spending 190% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.5m to $2.3m (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 148%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Medical Association Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include All Saints Retirement Center Inc ($2.3m), Haven ($2.3m) and Arizona Recreation Center for the Handicapped ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 128% of the total. Compensation of current officers, directors and key employees was $1.2m (27% of expenses). At year end it held assets of $28.0m against liabilities of $1.6m, net assets of $26.3m.