Health Care (E80) IRS Verified DX Registered 990 on File

NATIONAL MEDICAL FELLOWSHIPS INC

EIN: 01-0963657 · ALEXANDRIA, VA 22314-1452 · United States · FY 2024 Data

3 out of 5 49 / 100 Based on 2+ years of filings

Financial strength (30%) 63/100

Reliability (20%) 50/100

Effectiveness (25%) 80/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

National Medical Fellowships (NMF) is a nonprofit organization dedicated to increasing the number of underrepresented minority physicians and other professionals in the healthcare workforce in order to improve access to quality healthcare in medically underserved communities

Financial Overview — FY 2024

$5.7M

Total Revenue

$10.3M

Total Expenses

$6.6M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 65.4%

Fundraising Efficiency 240.9%

Operating Reserve 7.77x

Liability-to-Asset 32.3%

Revenue Diversification 94.9%

Executive Compensation $555K

Compared with Peers

FY 2024

Compared with 2,013 similar organizations (United States, Health Care, $10M–$100M in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	65.4%	84.6%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	23.4%	14.6%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	11.2%	0.0%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	240.9%	270.7%	P10P90	Above median
Operating reserve Months of expenses covered by net assets · higher is better	7.8 mo	6.8 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	32.3%	35.3%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	94.9%	92.5%	P10P90	Below median
Revenue growth Year over year revenue growth	4.8%	7.3%	P10P90
Expense growth Year over year expense growth	25.8%	7.7%	P10P90
Surplus margin Surplus as a share of revenue	-79.9%	1.0%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$5.7M	$10.3M	$6.6M	65.4%	28
2023	$5.4M	$8.2M	$11.2M	63.2%	37
2022	$17.8M	$7.8M	$13.9M	75.2%	38
2021	$5.9M	$4.4M	N/A	—	22

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Organization Details

EIN: 01-0963657
State: VA
City: ALEXANDRIA
ZIP: 22314-1452
Classification: E80
Category: Health Care
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1946
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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