First Institute of All Medicines

Analysis

First Institute of All Medicines is a registered charity in United States, based in Milford, DE. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover medical research, 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, First Institute of All Medicines reported income of $179k and spending of $294k, spending 164% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $788k to $179k (-77%), an average of -77% a year. The sharpest change came in the year to December 2023, when income dropped by 77%. Over the whole period it spent 63% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, First Institute of All Medicines sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 46th percentile within DE. Charities of a similar size with the same main cause include Lancaster Patient Care Center ($179k), Winchester Ems ($179k) and Shared Beat ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $222k (76% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.