Houston Academy of Medicine

Analysis

Houston Academy of Medicine is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Houston Academy of Medicine reported income of $9.7m and spending of $9.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.0m to $9.7m (+7.6%), an average of +1.9% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Houston Academy of Medicine sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Pennsylvania Association Ofintermediate Units ($9.7m), Bio-Med Science Academy STEM School ($9.7m) and Saint James School ($9.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $603k (6.5% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $57.3m against liabilities of $3.5m, net assets of $53.8m. It reported 38 employees.