Foundations of Medical Education

Analysis

Foundations of Medical Education is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 2019, 7 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 June 2024, Foundations of Medical Education reported income of $57k and spending of $58k, spending 102% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $54k to $57k (+5.0%), an average of +5.0% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundations of Medical Education sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within GA. Charities of a similar size with the same main cause include Association of Texas Appraisers Inc ($57k), Parent Booster USA Inc ($57k) and Blue Bell Elementary PTO ($57k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.