World Medical Association Inc
World Medical Association Inc. shows consistent financial growth and no reported officer compensation over a decade.
EIN: 132566243 · Chicago, IL · NTEE: E85Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $4.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4,618,496. |
| Net Assets | $3.9M |
| Transparency Score | 92/100 |
Is World Medical Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
World Medical Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About World Medical Association Inc
World Medical Association Inc (EIN: 132566243) is a nonprofit organization based in Chicago, IL, classified under NTEE code E85Z. The organization reported total revenue of $4.6M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of World Medical Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
World Medical Association Inc is a mid-size nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $4.4M |
| Surplus / Deficit | +$217K |
| Total Assets | $8.2M |
| Total Liabilities | $4.3M |
| Net Assets | $3.9M |
| Operating Margin | 4.7% |
| Debt-to-Asset Ratio | 52.3% |
| Months of Reserves | 22.4 months |
Financial Health Grade: A
In 2023, World Medical Association Inc reported a surplus of $217K with revenue exceeding expenses, holds 22.4 months of operating reserves (strong position), has a debt-to-asset ratio of 52.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), World Medical Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.3% | -21.1% | +31.6% |
| 2022 | +105.9% | +147.5% | +11.4% |
| 2021 | +2.7% | +5.6% | +3.4% |
| 2020 | +5.5% | -8.1% | +20.5% |
| 2019 | -8.6% | -7.7% | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2800 |
| IRS Ruling Date | 1965 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates World Medical Association Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, World Medical Association Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $217K, with revenue exceeding expenses.
- Debt-to-asset ratio: 52.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a volunteer-led executive structure or that compensation is covered by an external entity, which is highly efficient for an organization of its size with latest revenues of $4,618,496.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for World Medical Association Inc:
- Consistent revenue growth, with latest revenue at $4,618,496.
- Significant asset growth, reaching $8,200,269 in 2023 from $2,904,428 in 2015.
- Zero reported officer compensation across all 13 filings, indicating high efficiency and potentially volunteer leadership.
- Consistent financial surpluses, with revenues generally exceeding expenses.
- Strong transparency with 13 years of publicly available IRS 990 filings.
Frequently Asked Questions about World Medical Association Inc
Is World Medical Association Inc a legitimate charity?
World Medical Association Inc (EIN: 132566243) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.6M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does World Medical Association Inc spend its money?
World Medical Association Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to World Medical Association Inc tax-deductible?
World Medical Association Inc is registered as a tax-exempt nonprofit (EIN: 132566243). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the World Medical Association Inc CEO make?
World Medical Association Inc's highest-compensated officer earns $4,618,496. annually. The organization reported $4.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of World Medical Association Inc's spending goes to programs?
World Medical Association Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does World Medical Association Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), World Medical Association Inc is above average for NTEE category E85Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is World Medical Association Inc located?
World Medical Association Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 132566243. It is classified under NTEE code E85Z.
How many years of IRS 990 filings does World Medical Association Inc have?
World Medical Association Inc 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 $4.6M in total revenue.
Is World Medical Association Inc. a good charity?
Based on its financial data, World Medical Association Inc. appears to be a well-managed and efficient organization. It consistently generates surpluses, grows its assets, and reports 0% officer compensation, suggesting a strong focus on its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has grown from $1,982,042 in 2015 to $4,606,717 in 2023, and assets have nearly tripled from $2,904,428 to $8,200,269 in the same period, demonstrating robust growth and stability.
What is the organization's spending efficiency?
The organization demonstrates high spending efficiency. For example, in 2023, expenses were $4,389,594 against revenues of $4,606,717, indicating that a large portion of revenue is directed towards operations without excessive overhead. The 0% officer compensation also contributes to this efficiency.
Filing History
IRS 990 filing history for World Medical Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), World Medical Association Inc's revenue has grown by 61.8%, moving from $2.8M to $4.6M. Total assets increased by 120.3% over the same period, from $3.7M to $8.2M. Total functional expenses rose by 58.1%, from $2.8M to $4.4M. In its most recent filing year (2023), World Medical Association Inc reported a surplus of $217K, with revenue exceeding expenses. The organization holds $4.3M in liabilities against $8.2M in assets (debt-to-asset ratio: 52.3%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.6M | $4.4M | $8.2M | $4.3M | — | — |
| 2022 | $5.6M | $5.6M | $6.2M | $2.7M | — | View 990 |
| 2021 | $2.7M | $2.2M | $5.6M | $1.9M | — | View 990 |
| 2020 | $2.7M | $2.1M | $5.4M | $1.9M | — | — |
| 2019 | $2.5M | $2.3M | $4.5M | $1.8M | — | View 990 |
| 2018 | $2.8M | $2.5M | $4.2M | $1.7M | — | View 990 |
| 2017 | $2.9M | $2.7M | $4.1M | $1.7M | — | View 990 |
| 2016 | $2.5M | $2.3M | $3.2M | $1.2M | — | View 990 |
| 2015 | $2.0M | $2.0M | $2.9M | $1.0M | — | View 990 |
| 2014 | $2.3M | $2.3M | $3.3M | $1.2M | — | View 990 |
| 2013 | $3.1M | $3.2M | $4.2M | $1.8M | — | View 990 |
| 2012 | $2.8M | $2.8M | $4.2M | $1.8M | — | View 990 |
| 2011 | $2.8M | $2.8M | $3.7M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.6M, expenses of $4.4M, and assets of $8.2M (revenue -18.3% year-over-year).
- 2022: Revenue of $5.6M, expenses of $5.6M, and assets of $6.2M (revenue +105.9% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.2M, and assets of $5.6M (revenue +2.7% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.1M, and assets of $5.4M (revenue +5.5% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.3M, and assets of $4.5M (revenue -8.6% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.5M, and assets of $4.2M (revenue -4.5% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.7M, and assets of $4.1M (revenue +16.4% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.3M, and assets of $3.2M (revenue +25.5% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.0M, and assets of $2.9M (revenue -14.4% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.3M, and assets of $3.3M (revenue -25.5% year-over-year).
- 2013: Revenue of $3.1M, expenses of $3.2M, and assets of $4.2M (revenue +9.7% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.8M, and assets of $4.2M (revenue -0.5% year-over-year).
- 2011: Revenue of $2.8M, expenses of $2.8M, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for World Medical Association Inc:
Data Sources and Methodology
This transparency report for World Medical Association Inc 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.