Society for Academic Continuing Medical Education

Analysis

Society for Academic Continuing Medical Education is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Society for Academic Continuing Medical Education reported income of $200k and spending of $385k, spending 192% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $324k to $200k (-38%), an average of -11% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Society for Academic Continuing Medical Education sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within VA. Charities of a similar size with the same main cause include Michigan Speech Coaches Inc ($200k), Whittier Wildflowers Preschool Inc ($200k) and Prairie View a & M University National Alumni Association ($200k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 120% of the total. At year end it held assets of $1.9m against liabilities of $51k, net assets of $1.8m.