American Federation for Medical Research

Analysis

American Federation for Medical Research is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in October 1966, 60 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Federation for Medical Research reported income of $463k and spending of $497k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $579k to $463k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2021, when income dropped by 28%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Federation for Medical Research sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Software in the Public Interest Inc ($463k), Texas Girls Choir Inc ($463k) and Clare Rose Foundation Center for Creative Youth Development ($463k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 93% of the total. At year end it held assets of $469k against liabilities of $4,488, net assets of $464k.