Applied Medical Research Inc

Analysis

Applied Medical Research Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Applied Medical Research Inc reported income of $1.3m and spending of $1.7m, spending 127% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $900k to $1.3m (+45%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 161%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Applied Medical Research Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Lubbock Rape Crisis Center Inc ($1.3m), Hunt County Rape Crisis Center Inc ($1.3m) and University Healthcare Foundation Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $413k (25% of expenses). Other salaries and wages came to $212k. At year end it held assets of $122k against liabilities of $0, net assets of $122k. It reported 9 employees.