Overview
What is World Medicine Institute?
The World Medicine Institute (WMI) is a nonprofit organization dedicated to offering specialized professional education in Taoist philosophy studies, acupuncture, and herbal medicine. Their approach integrates academic scholarship, clinical internship experiences, and spiritual refinement to equip students effectively. WMI's mission extends beyond education, ensuring they contribute to research and community service through Taoist philosophy and the healing arts of acupuncture and herbal medicine. They operate a clinic for acupuncture skills, providing hands-on opportunities for students to hone their skills.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
The World Medicine Institute has received a low rating of 54%, indicating significant concerns regarding its accountability and financial practices. The rating is based solely on its accountability and finance score, reflecting the organization's limited capability in effectively managing its resources and ensuring transparency in its operations.
Strengths of the organization include a fully independent board, a clear conflict of interest policy, and proper documentation practices. The charity has achieved full points in areas such as the majority of independent board members and the existence of whistleblower and document retention policies, which suggests a commitment to good governance and ethical oversight.
However, notable weaknesses are evident, particularly in financial management, with a liabilities-to-assets ratio of 164.62% and program expense ratio at a mere 16.14%. These figures indicate potential financial instability and a lack of investment in programmatic activities, raising questions about the organization's overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is World Medicine Institute legitimate?
World Medicine Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. World Medicine Institute submitted a form 990EZ, 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: $0
Professional Fundraising Fees: $0
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What is the mission statement of World Medicine Institute?
The World Medicine Institute was established with the mission to offer specialized education in Taoist philosophy studies, the healing arts of acupuncture, and herbal medicine. This is accomplished through academic scholarship, clinical internship experiences, and spiritual refinement. The institute's activities encompass providing education, conducting research, and offering community service in Taoist philosophy studies, acupuncture, and herbal medicine. Additionally, World Medicine Institute operates a clinic for acupuncture skills, allowing students to gain practical experience.
What is the revenue of World Medicine Institute?
World Medicine Institute's revenue in 2024 was $67,410.
Who are the executives of World Medicine Institute and what are their salaries?
Here are 4 key members and their salaries:
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- Compensation: $12,080
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- Other: $0
Where can I find the form 990EZ for World Medicine Institute?
World Medicine Institute's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of World Medicine Institute
World Medicine Institute, abbreviated as WMI, was established with a mission to offer specialized professional education in the field of Taoist philosophy studies, healing arts, including acupuncture and herbal medicine. This nonprofit organization achieves its mission through academic scholarship, clinical internship experiences, and spiritual refinement. WMI's primary goal is to educate individuals in these disciplines, providing them with a comprehensive understanding of Taoist philosophy and the practical skills needed in acupuncture and herbal medicine.
In addition to education, WMI engages in research and community service, furthering the knowledge and application of Taoist philosophy studies and the healing arts of acupuncture and herbal medicine. By offering a clinic for acupuncture skills, WMI allows students to gain hands-on experience and apply the concepts they've learned in a real-world setting. This holistic approach to education, research, and community service enables WMI to contribute positively to the field of alternative medicine and the well-being of its students.
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Impact
August, 2024
The World Medicine Institute in Honolulu, Hawaii, has made a significant impact by providing specialized professional education in Taoist philosophy studies and the healing arts of acupuncture and herbal medicine. Through academic scholarship, clinical internship experience, and spiritual refinement, WMI is equipping individuals with the knowledge and skills needed to practice these ancient healing arts effectively. Additionally, WMI conducts research, offers community service in the field of healthcare, and operates a clinic for acupuncture skills, contributing to the well-being of individuals and communities. In summary, WMI's impact lies in fostering education, research, and service in Taoist philosophy studies and traditional healing practices.
This information is meant to be a general summary of World Medicine Institute. 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 2024.
- Investment Income: $7,082
- Program Service Revenue: $67,410
- Gross Receipts: $67,410
Assets and Liabilities:
- Total Assets: $182,445
- Total Liabilities: $410,256
- Net Assets: -$227,811
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Organization Details
Principal Officer
Claire Hughes
NTEE Category
Code: B40 - Education
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