Des Moines Area Medical Education Consortium Inc

Analysis

Des Moines Area Medical Education Consortium Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in December 1994, 32 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 June 2023, Des Moines Area Medical Education Consortium Inc reported income of $1.1m and spending of $1.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.1m (+3.6%), an average of +0.9% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Des Moines Area Medical Education Consortium Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within IA. Charities of a similar size with the same main cause include Rotary Club of Houston Heights Charitable Foundation ($1.1m), Blind Institute of Technology ($1.1m) and Access Community Experience Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $353k (34% of expenses). Other salaries and wages came to $138k. At year end it held assets of $404k against liabilities of $75k, net assets of $329k.