Accreditation Council for Continuing Medical Education

Analysis

Accreditation Council for Continuing Medical Education is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2004, 22 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 December 2023, Accreditation Council for Continuing Medical Education reported income of $10.1m and spending of $9.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $10.1m (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Accreditation Council for Continuing Medical Education sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Seattle Colleges Foundation ($10.1m), Leadership Learning Academy Inc ($10.1m) and Kean University Foundation Inc ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.1m (12% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $18.4m against liabilities of $7.3m, net assets of $11.1m. It reported 43 employees.