American Institute of the History of Pharmacy

Analysis

American Institute of the History of Pharmacy is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in September 1943, 83 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, American Institute of the History of Pharmacy reported income of $164k and spending of $247k, spending 151% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $254k to $164k (-36%), an average of -10% a year. The sharpest change came in the year to June 2020, when income rose by 74%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, American Institute of the History of Pharmacy sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within WI. Charities of a similar size with the same main cause include The Foundation for Post-Traumatic Healing and Complex Trauma Researc ($164k), Cancer Connection ($164k) and New Mexico Association for Infant Mental Health Inc ($164k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.5% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $87k (35% of expenses). Other salaries and wages came to $53k. At year end it held assets of $1.9m against liabilities of $5,516, net assets of $1.9m. It reported 7 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.