Medical Education Resources Inc

Analysis

Medical Education Resources Inc is a registered charity in United States, based in Englewood, CO. It received its IRS tax-exemption ruling in October 1984, 42 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 Resources Inc reported income of $25.9m and spending of $26.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.6m to $25.9m (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medical Education Resources Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Genesys Works Group Return ($25.9m), Immanuel Living at Buffalo Hill ($25.9m) and Times Square District Management Association ($25.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $180k (0.7% of expenses). Other salaries and wages came to $670k. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m. It reported 12 employees.