Academy of Medicine Jacksonville Florida Inc

Analysis

Academy of Medicine Jacksonville Florida Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 1965, 61 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Academy of Medicine Jacksonville Florida Inc reported income of $136k and spending of $94k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $215k to $136k (-37%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 56%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Academy of Medicine Jacksonville Florida Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include St Anthonys Celebration Inc ($136k), El Toro Foundation ($136k) and New Dance Alliance Inc ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. At year end it held assets of $392k against liabilities of $98k, net assets of $295k.