Overview
What is The World Medical Association Inc?
The World Medical Association Inc, established in 1847 and officially incorporated in 1897, is a prominent nonprofit organization in the United States. Primarily serving as an advocate for patients and physicians, its mission is to uphold the highest standards in medical ethics, education, and human rights, ultimately aiming to improve healthcare globally. By providing model policies for medicine, this organization plays a significant role in advancing medical practices and ensuring access to quality healthcare for all people worldwide.
Official website here: www.wma.net
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 46%, Zero-Star out of Four Star rating.
The World Medical Association Inc has received a low score of 46%, which translates to a Zero-Star rating on Charity Navigator. This rating is primarily based on a single beacon score focused on Accountability & Finance, indicating significant issues in financial management. While the organization scores well on board independence and the absence of asset diversion, there are critical deficiencies in their financial practices.
The organization has a fully independent board and maintains a solid structure in terms of audit and oversight. However, it falls short in crucial areas such as having a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which received zero points. Additionally, their program expense and fundraising efficiency ratios are notably poor, with only 29.86% of expenses going towards programs and an ineffective fundraising model.
Overall, while The World Medical Association Inc demonstrates strengths in governance and board independence, its financial management poses significant concerns. Potential donors and supporters may want to consider these limitations when evaluating the organization’s effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is The World Medical Association Inc legitimate?
The World Medical Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The World Medical Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $531,117
Professional Fundraising Fees: $0
Other Salaries and Wages: $327,458
For more financial information, click here
Official website here: www.wma.net
What is the mission statement of The World Medical Association Inc?
The World Medical Association Inc's mission is centered around serving humanity by striving to establish and uphold the highest international standards in medical education, medical science, medical arts, medical ethics, and healthcare for all people worldwide. Acting as an advocate for both patients and physicians, the association aims to advance healthcare by providing model policies for medicine.
Official website here: www.wma.net
Who is the CEO of The World Medical Association Inc?
Drosahonenabulele is the President of The World Medical Association Inc.
Official website here: www.wma.net
What is the revenue of The World Medical Association Inc?
The World Medical Association Inc's revenue in 2022 was $5,641,981.
Official website here: www.wma.net
Who are the executives of The World Medical Association Inc and what are their salaries?
Here are 8 key members and their salaries:
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- Compensation: $110,939
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Official website here: www.wma.net
Where can I find the form 990 for The World Medical Association Inc?
The World Medical Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wma.net
Learn more at the official website: www.wma.net
Mission Statement of The World Medical Association Inc
The World Medical Association, Inc., dedicates itself to serving humanity by striving to establish the most exemplary standards in medical education, medical science, medical art, medical ethics, and healthcare for people worldwide. Acting as an advocate for both patients and physicians, its mission is to advance healthcare by providing a model policy for medicine. This esteemed organization, known for its commitment to ethical medical practices, seeks to ensure the highest possible standards in medical care, education, and human rights for all individuals globally.
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Impact
October, 2024
The World Medical Association Inc significantly influences global healthcare standards and practices. By advocating for high standards in medical care, ethics, education, and health-related human rights, it serves as a vital voice for both patients and physicians. The WMA's initiatives provide model policies that enhance healthcare delivery and ensure ethical practices are upheld across various medical disciplines.
Through its efforts, the WMA promotes the continuous improvement of medical education and medical science, facilitating advancements that benefit healthcare systems worldwide. Its commitment to medical ethics ensures that the rights and dignity of all individuals are prioritized, reinforcing the importance of compassionate and equitable healthcare.
In the broader context, the WMA's mission to serve humanity encompasses a wide array of initiatives aimed at improving health outcomes globally. By setting international standards, the WMA not only shapes the future of medicine but also actively contributes to the well-being of communities around the world.
This information is meant to be a general summary of The World Medical Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $22,273
- Gross Receipts: $5,652,060
Assets and Liabilities:
- Total Assets: $6,229,678
- Total Liabilities: $2,660,806
- Net Assets: $3,568,872
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Organization Details
Founding Year
1947
Phone
(312) 464-5291Principal Officer
Drosahonenabulele
Main Address
AMA Plaza 330 N WABASH, CHICAGO, IL, 606115885
Website
www.wma.netNTEE Category
Code: E85Z - Health
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