Cedar Rapids Medical Education Foundation

Analysis

Cedar Rapids Medical Education Foundation is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cedar Rapids Medical Education Foundation reported income of $267k and spending of $294k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $5.6m to $267k (-95%), an average of -53% a year. The sharpest change came in the year to June 2021, when income dropped by 94%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cedar Rapids Medical Education Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within IA. Charities of a similar size with the same main cause include Sugar Valley Concerned Citizens ($267k), Berean Bible Institute Inc ($267k) and Jean Lyle Childrens Center ($267k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.

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.