ABMS Revenue and Expenses
The American Board of Medical Specialties (ABMS), a nationally recognized not-for-profit organization, serves the public and the medical profession by improving the quality of health care through setting professional and educational standards for medical specialty practice and certification in partnership with its 24 certifying Member Boards.
Fulfilling this mission requires the commitment of our leaders and resources, prudent stewardship, and transparency.
The information on this page shows the consolidated revenue sources and expenses as reported in the 2020 Forms 990 (latest reports filed) for ABMS and its affiliates. It excludes restricted contributions and board-designated investment income totaling $1.5M. ABMS used reserves to invest in board certification research, innovation, and program development.
ABMS uses the accrual-based accounting methodology required by the generally accepted accounting principles (GAAP) to report its financial activity. The ABMS Research and Education Foundation indirect cost rate is 16%.
Download the following 2020 ABMS Forms 990: