Shared Magnetic Resonance Imaging Facility Inc

Analysis

Shared Magnetic Resonance Imaging Facility Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in February 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shared Magnetic Resonance Imaging Facility Inc reported income of $15.3m and spending of $12.9m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.9m to $15.3m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shared Magnetic Resonance Imaging Facility Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Meals on Wheels San Antonio ($15.3m), Phi Theta Kappa ($15.3m) and Our Lady of the Valley Inc ($15.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $6.6m. At year end it held assets of $10.7m against liabilities of -$20.2m, net assets of $30.9m.