Center for Family Medicine

Analysis

Center for Family Medicine is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in January 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Center for Family Medicine reported income of $4.9m and spending of $12.3m, spending 253% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.8m to $4.9m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 237% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Family Medicine sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within SD. Charities of a similar size with the same main cause include The Santa Monica College Foundation ($4.9m), Innovateedu Inc ($4.9m) and Montessori Education Centre-Charter School ($4.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $496k (4.0% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $7.2m against liabilities of $6.0m, net assets of $1.2m. It reported 115 employees.

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.