Independent Medical Alliance Inc

Analysis

Independent Medical Alliance Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Independent Medical Alliance Inc reported income of $3.9m and spending of $5.0m, spending 128% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $352k to $3.9m (+996%), an average of +122% a year. The sharpest change came in the year to December 2021, when income rose by 1299%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Independent Medical Alliance Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 77th percentile within DC. Charities of a similar size with the same main cause include Chi Health Foundation ($3.9m), Atchison Community Health Clinic Inc ($3.9m) and Permian Basin Womens Resource Center Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $406k (8.2% of expenses). Other salaries and wages came to $618k. At year end it held assets of $5.9m against liabilities of $477k, net assets of $5.4m. It reported 15 employees.