Atlantic Institute of Oriental Medicine

Analysis

Atlantic Institute of Oriental Medicine is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in October 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, Atlantic Institute of Oriental Medicine reported income of $2.0m and spending of $2.4m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $2.0m (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Atlantic Institute of Oriental Medicine sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Metropolitan Sheet Metal Journeyman and Apprentice Training Trust Fund ($2.0m), Orion Academy ($2.0m) and Cristo Rey New York Corporate Work Study Program Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. At year end it held assets of $2.3m against liabilities of $1.5m, net assets of $744k. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.