Medical Technology Enterprise Consortium
909 Rose Ave Ste 400, N Bethesda, MD · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $234,472,156 | $232,950,295 | $8,797,497 |
| FY2023 | $210,454,199 | $210,507,554 | $7,057,368 |
| FY2022 | $145,585,970 | $146,327,931 | $6,794,402 |
| FY2021 | $159,782,022 | $156,261,722 | $7,895,128 |
| FY2020 | $80,411,612 | $77,603,314 | $4,414,812 |
| FY2019 | $36,261,168 | $35,281,918 | $1,606,514 |
| FY2018 | $14,466,388 | $14,270,716 | $627,264 |
| FY2017 | $5,842,520 | $5,502,959 | $431,592 |
| FY2016 | $1,241,210 | $1,136,457 | $99,531 |
Form 990 filings
The returns filed by Medical Technology Enterprise Consortium (EIN 47-4960128), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $500 | <1% |
| Program service revenue | $234,268,255 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $231,105,641 | 99% |
| Management & general | $1,844,654 | 1% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 99% of functional expenses, management & general 1%, and fundraising 0%.
- 99% of functional expenses went to program services in FY2024. That is higher than 97.7% of 171 Science & Technology organizations nationwide (too few in MD for a state comparison).
- Net assets covered about 0.5 months of expenses at the end of the reporting year. That puts it in the 13th percentile among 55 Science & Technology organizations in MD.
- Total revenue was the highest among 58 Science & Technology organizations in MD.
- Total revenue rose from $1,241,210 in FY2016 to $234,472,156 in FY2024. Revenue increased in 7 and decreased in 1 of 8 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 9 reported years (FY2022, FY2023).
- Net assets grew from $99,531 to $8,797,497 between FY2016 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO ASSIST THE UNITED STATES ARMY MEDICAL RESEARCH AND DEVELOPMENT COMMAND AND OTHER FUNDING SPONSORS BY PROVIDING CUTTING-EDGE TECHNOLOGIES AND EFFECTIVE MATERIEL LIFE-CYCLE MANAGEMENT TO TRANSITION MEDICAL SOLUTIONS THAT PROTECT, TREAT AND OPTIMIZE THE HEALTH AND PERFORMANCE OF US SERVICE MEMBERS
IRS status
| Ruling year | 2016 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | U05 — Science & Technology |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- American Physical Society — College Park, MD · $106,332,062
- American Institute of Physics Incorporated — College Park, MD · $92,366,805
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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