Texas Institute of Graduate Medical Education and Research

Analysis

Texas Institute of Graduate Medical Education and Research is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in July 2016, 10 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 May 2023, Texas Institute of Graduate Medical Education and Research reported income of $15.4m and spending of $14.3m, spending 93% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $3.8m to $15.4m (+303%), an average of +42% a year. The sharpest change came in the year to May 2020, when income rose by 81%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Institute of Graduate Medical Education and Research 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 TX. Charities of a similar size with the same main cause include Milwaukee Area Technical College Foundation Inc ($15.4m), Pinal Gila Community Child Services Inc ($15.4m) and Stratford Academy Inc ($15.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Other salaries and wages came to $10.3m. At year end it held assets of $7.3m against liabilities of $2.6m, net assets of $4.7m.