Student National Medical Association Inc

Analysis

Student National Medical Association Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2003, 23 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 September 2023, Student National Medical Association Inc reported income of $2.3m and spending of $1.9m, spending 82% of its income. Across the 6 years on record, from June 2019 to September 2023, income grew from $1.4m to $2.3m (+72%), an average of +11% a year. The sharpest change came in the year to September 2020, when income rose by 572%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Student National Medical Association Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 69th percentile within DC. Charities of a similar size with the same main cause include El Colegio Charter School ($2.3m), Ambleside School ($2.3m) and Hillander School ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $140k (7.3% of expenses). Other salaries and wages came to $302k. At year end it held assets of $2.2m against liabilities of $41k, net assets of $2.1m. It reported 5 employees.