Medical Technology Enterprise Consortium

Analysis

Medical Technology Enterprise Consortium is a registered charity in United States, based in N Bethesda, MD. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Medical Technology Enterprise Consortium reported income of $210.5m and spending of $210.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $36.3m to $210.5m (+480%), an average of +55% a year. The sharpest change came in the year to December 2020, when income rose by 122%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Medical Technology Enterprise Consortium sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Southeastern Universities Research Association Inc ($210.2m), WGBH Educational Foundation ($220.6m) and Seti Institute ($209.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $323k (0.2% of expenses). At year end it held assets of $79.2m against liabilities of $72.1m, net assets of $7.1m.