Certified Medical Representatives Institute Inc

Analysis

Certified Medical Representatives Institute Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in May 1970, 56 years ago. 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 June 2024, Certified Medical Representatives Institute Inc reported income of $2.7m and spending of $2.9m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $3.1m to $2.7m (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2024, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Certified Medical Representatives Institute Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Fox Valley Technical College Foundation Inc ($2.7m), Southern California Seminary ($2.7m) and Principle Foundation ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $431k (15% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.7m against liabilities of $564k, net assets of $3.2m. It reported 21 employees.