Willamsburg Area Medical Assistance Corporation

Analysis

Willamsburg Area Medical Assistance Corporation is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Willamsburg Area Medical Assistance Corporation reported income of $3.1m and spending of $3.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.1m (+9.5%), an average of +2.3% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Willamsburg Area Medical Assistance Corporation 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 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Enterprise Community Nursing Home Inc ($3.1m), Regional Access Mobilization Project Inc ($3.1m) and Foundation of the Roman Catholic Diocese of Raleigh Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $167k (5.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $6.0m against liabilities of $241k, net assets of $5.8m. It reported 44 employees.