Fund For Advancement Of Medical Education And Research
EIN: 363432018 · Sioux Falls, SD · NTEE: E12
| Metric | Value |
|---|---|
| Total Revenue | $668K |
| Total Expenses | $468K |
| Net Assets | $4.4M |
Is Fund For Advancement Of Medical Education And Research Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fund For Advancement Of Medical Education And Research
Fund For Advancement Of Medical Education And Research (EIN: 363432018) is a nonprofit organization based in Sioux Falls, SD, classified under NTEE code E12. The organization reported total revenue of $668K and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fund For Advancement Of Medical Education And Research's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fund For Advancement Of Medical Education And Research is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 9.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $712K |
| Total Expenses | $468K |
| Surplus / Deficit | +$244K |
| Total Assets | $4.4M |
| Total Liabilities | $330 |
| Net Assets | $4.4M |
| Operating Margin | 34.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 111.9 months |
Financial Health Grade: A
In 2024, Fund For Advancement Of Medical Education And Research reported a surplus of $244K with revenue exceeding expenses, holds 111.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Fund For Advancement Of Medical Education And Research's revenue has grown at a compound annual growth rate (CAGR) of 9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +19.5% | +1.9% | +8.5% |
| 2023 | +11.5% | +32.0% | +6.2% |
| 2022 | +64.4% | +187.0% | -1.6% |
| 2021 | +151.1% | -30.2% | +13.2% |
| 2020 | -9.1% | -26.2% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fund For Advancement Of Medical Education And Research has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fund For Advancement Of Medical Education And Research with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $244K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Fund For Advancement Of Medical Education And Research
Is Fund For Advancement Of Medical Education And Research a legitimate charity?
Based on AI analysis of IRS 990 filings, Fund For Advancement Of Medical Education And Research (EIN: 363432018) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fund For Advancement Of Medical Education And Research spend its money?
Detailed spending breakdown data is not yet available for Fund For Advancement Of Medical Education And Research. Check back for updated IRS 990 analysis.
Are donations to Fund For Advancement Of Medical Education And Research tax-deductible?
Fund For Advancement Of Medical Education And Research is registered as a tax-exempt nonprofit (EIN: 363432018). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fund For Advancement Of Medical Education And Research located?
Fund For Advancement Of Medical Education And Research is headquartered in Sioux Falls, South Dakota and files with the IRS under EIN 363432018. It is classified under NTEE code E12.
How many years of IRS 990 filings does Fund For Advancement Of Medical Education And Research have?
Fund For Advancement Of Medical Education And Research has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $668K in total revenue.
Filing History
IRS 990 filing history for Fund For Advancement Of Medical Education And Research showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Fund For Advancement Of Medical Education And Research's revenue has grown by 204%, moving from $234K to $712K. Total assets increased by 65.3% over the same period, from $2.6M to $4.4M. Total functional expenses rose by 101.3%, from $233K to $468K. In its most recent filing year (2024), Fund For Advancement Of Medical Education And Research reported a surplus of $244K, with revenue exceeding expenses. The organization holds $330 in liabilities against $4.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $712K | $468K | $4.4M | $330 | — | — |
| 2023 | $596K | $459K | $4.0M | $168 | — | View 990 |
| 2022 | $535K | $348K | $3.8M | $3K | — | View 990 |
| 2021 | $325K | $121K | $3.8M | $1K | — | View 990 |
| 2020 | $130K | $174K | $3.4M | $1K | — | View 990 |
| 2019 | $142K | $235K | $3.4M | $6K | — | View 990 |
| 2018 | $147K | $199K | $3.5M | $3K | — | View 990 |
| 2017 | $190K | $190K | $3.5M | $4K | — | View 990 |
| 2016 | $942K | $170K | $3.4M | $2K | — | View 990 |
| 2015 | $88K | $160K | $2.7M | $666 | — | View 990 |
| 2014 | $172K | $168K | $2.8M | $4K | — | View 990 |
| 2013 | $253K | $188K | $2.8M | $1K | — | View 990 |
| 2012 | $234K | $233K | $2.6M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $712K, expenses of $468K, and assets of $4.4M (revenue +19.5% year-over-year).
- 2023: Revenue of $596K, expenses of $459K, and assets of $4.0M (revenue +11.5% year-over-year).
- 2022: Revenue of $535K, expenses of $348K, and assets of $3.8M (revenue +64.4% year-over-year).
- 2021: Revenue of $325K, expenses of $121K, and assets of $3.8M (revenue +151.1% year-over-year).
- 2020: Revenue of $130K, expenses of $174K, and assets of $3.4M (revenue -9.1% year-over-year).
- 2019: Revenue of $142K, expenses of $235K, and assets of $3.4M (revenue -2.9% year-over-year).
- 2018: Revenue of $147K, expenses of $199K, and assets of $3.5M (revenue -22.9% year-over-year).
- 2017: Revenue of $190K, expenses of $190K, and assets of $3.5M (revenue -79.8% year-over-year).
- 2016: Revenue of $942K, expenses of $170K, and assets of $3.4M (revenue +973.3% year-over-year).
- 2015: Revenue of $88K, expenses of $160K, and assets of $2.7M (revenue -48.9% year-over-year).
- 2014: Revenue of $172K, expenses of $168K, and assets of $2.8M (revenue -32.1% year-over-year).
- 2013: Revenue of $253K, expenses of $188K, and assets of $2.8M (revenue +7.9% year-over-year).
- 2012: Revenue of $234K, expenses of $233K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fund For Advancement Of Medical Education And Research:
Data Sources and Methodology
This transparency report for Fund For Advancement Of Medical Education And Research is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.