The California Medical Innovations Institute Inc

Analysis

The California Medical Innovations Institute Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The California Medical Innovations Institute Inc reported income of $6.1m and spending of $6.5m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $6.1m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The California Medical Innovations Institute Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Gods Bible School College and Missionary Training Home ($6.1m), Washington Research Library Consortium ($6.1m) and Lexington One School Facilities Corporation ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $566k (8.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.6m against liabilities of $3.1m, net assets of -$421k. It reported 33 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.