Graduate Medical Education Inc

Analysis

Graduate Medical Education Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in February 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Graduate Medical Education Inc reported income of $3.6m and spending of $3.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.6m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Graduate Medical Education Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Hilltop Child Development Center Inc ($3.6m), Phillips Brook House Association Incorporated ($3.6m) and Catch Global Foundation ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $21k (0.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $1.9m against liabilities of $133k, net assets of $1.8m. It reported 52 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.