Medical Education Council of Pensacola Inc

Analysis

Medical Education Council of Pensacola Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in January 1988, 38 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 December 2023, Medical Education Council of Pensacola Inc reported income of $206k and spending of $142k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $219k to $206k (-6.3%), an average of -1.6% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medical Education Council of Pensacola Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include The California Supreme Court Historical Society ($206k), Available Potential Enterprises Limited ($206k) and Solid Waste Association of North America Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $80k (57% of expenses). Other salaries and wages came to $13k. At year end it held assets of $284k against liabilities of $1,977, net assets of $283k. It reported 2 employees.