Amity Medical Group Inc

Analysis

Amity Medical Group Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 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 2022, Amity Medical Group Inc reported income of $14.1m and spending of $15.0m, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $8.2m to $14.1m (+72%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Amity Medical Group Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Tarleton State University Foundation Inc ($14.1m), Universal Creighton Charter School ($14.1m) and Lehrman Community Day School ($14.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.2m (8.3% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $3.1m against liabilities of $1.3m, net assets of $1.8m. It reported 57 employees.