World Molecular Imaging Society

Analysis

World Molecular Imaging Society is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in August 1991, 35 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, World Molecular Imaging Society reported income of $1.1m and spending of $1.8m, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.1m (-53%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 78%. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, World Molecular Imaging Society sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Institute for Myeloma and Bone Cancer Research ($1.1m), Safespace Center Inc ($1.1m) and Corporate Angel Network Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $241k (13% of expenses). Other salaries and wages came to $202k. At year end it held assets of $2.6m against liabilities of $75k, net assets of $2.5m. 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.