Institute for the Advancement of Minority Health

Analysis

Institute for the Advancement of Minority Health is a registered charity in United States, based in Ridgeland, MS. It received its IRS tax-exemption ruling in July 2019, 7 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 December 2023, Institute for the Advancement of Minority Health reported income of $3.0m and spending of $3.7m, spending 121% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $593k to $3.0m (+410%), an average of +72% a year. The sharpest change came in the year to December 2021, when income rose by 213%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Institute for the Advancement of Minority Health sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within MS. Charities of a similar size with the same main cause include Henry County Community Foundation Inc ($3.0m), Washington Alliance for Better Schools ($3.0m) and Urban Alliance ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.5m against liabilities of $998k, net assets of $503k. It reported 22 employees.