Acmg Foundation for Genetic and Genomic Medicine

Analysis

Acmg Foundation for Genetic and Genomic Medicine is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in September 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Acmg Foundation for Genetic and Genomic Medicine reported income of $1.4m and spending of $759k, leaving 46% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $870k to $1.4m (+62%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Acmg Foundation for Genetic and Genomic Medicine sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include United Way of Androscoggin County Inc ($1.4m), Boca Grande Womans Club Inc ($1.4m) and Curry Public Transit ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $59k (7.8% of expenses). Other salaries and wages came to $41k. It paid $95k in professional fundraising fees. At year end it held assets of $3.4m against liabilities of $477k, net assets of $2.9m. It reported 58 employees.