Medical Educatiion & Research Instutute

Analysis

Medical Educatiion & Research Instutute is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 1996, 30 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 December 2023, Medical Educatiion & Research Instutute reported income of $15.6m and spending of $13.4m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.3m to $15.6m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Medical Educatiion & Research Instutute sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include Keys Family Day School Inc ($15.5m), Learning Lamp Inc ($15.6m) and National Association for College Admission Counseling Inc ($15.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $567k (4.2% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $29.2m against liabilities of $2.0m, net assets of $27.2m. It reported 79 employees.