Morehouse School of Medicine Inc

Analysis

Morehouse School of Medicine Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Morehouse School of Medicine Inc reported income of $264.3m and spending of $244.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $150.5m to $264.3m (+76%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morehouse School of Medicine Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within GA. Charities of a similar size with the same main cause include Bryant & Stratton Inc ($263.7m), Denison University ($265.4m) and Colorado College TH ($263.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $9.7m (4.0% of expenses). Other salaries and wages came to $108.6m. At year end it held assets of $380.4m against liabilities of $79.2m, net assets of $301.2m. It reported 1,639 employees.