Medical Technology and Practice Patterns Institute Inc

Analysis

Medical Technology and Practice Patterns Institute Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Medical Technology and Practice Patterns Institute Inc reported income of $848k and spending of $1.1m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $890k to $848k (-4.7%), an average of -1.2% a year. Over the whole period it spent 131% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical Technology and Practice Patterns Institute Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Whatcom County Pregnancy Clinic ($847k), Lake Hospital Foundation Inc ($848k) and Highland House ($847k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $240k (22% of expenses). Other salaries and wages came to $503k. At year end it held assets of $4.1m against liabilities of $607k, net assets of $3.5m. It reported 4 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.