Des Moines University Osteopathic Medical Center

Analysis

Des Moines University Osteopathic Medical Center is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in April 1959, 67 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 2023, Des Moines University Osteopathic Medical Center reported income of $81.6m and spending of $78.3m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $72.3m to $81.6m (+13%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Des Moines University Osteopathic Medical Center sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include Kinkaid School Inc ($81.5m), Felician University ($81.7m) and California Virtual Academies at Los Angeles ($81.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $2.7m (3.5% of expenses). Other salaries and wages came to $31.6m. At year end it held assets of $512.5m against liabilities of $268.1m, net assets of $244.4m. It reported 1,212 employees.