Graduate Medical Education Consortium of Southwest Virginia

Analysis

Graduate Medical Education Consortium of Southwest Virginia is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Graduate Medical Education Consortium of Southwest Virginia reported income of $202k and spending of $133k, leaving 34% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $256k to $202k (-21%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Graduate Medical Education Consortium of Southwest Virginia sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within VA. Charities of a similar size with the same main cause include Hansen Scholars Wgu Foundation Inc ($202k), Fort Myers Rotary 05202010 TR Fund ($202k) and Inter-Nation Cultural Foundation ($202k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $65k (49% of expenses). At year end it held assets of $419k against liabilities of $2,822, net assets of $416k. It reported 1 employees.