American Board of Internal Medicine

Analysis

American Board of Internal Medicine is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1946, 80 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 Board of Internal Medicine reported income of $90.0m and spending of $63.0m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $65.0m to $90.0m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, American Board of Internal Medicine sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Lubbock Heritage Hospital LLC ($90.0m), Memorial Hospital Inc ($90.2m) and Georgetown Hospital System ($89.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $4.9m (7.8% of expenses). Other salaries and wages came to $22.9m. At year end it held assets of $180.0m against liabilities of $159.1m, net assets of $20.9m. It reported 283 employees.