According to the International Medical Corps audit of June 30, 2025 (Note 6, Related-Party Transactions): "International Medical Corps is an independent affiliate of International Medical Corps UK (IMC UK), a
registered charity in England and Wales, and International Medical Corps Croatia (IMC Croatia), a
registered association in the Republic of Croatia. Each affiliate shares the Organization’s mission to save
lives, alleviate suffering, and build self-reliance through medical aid, healthcare training, and related
programs. The related-party transactions mainly pertain to service fees, recorded as a credit to other
expense, cash advances, and other related charges. On November 1, 2002, the Organization entered into an Administrative Services Agreement with IMC UK,
to assist IMC UK in the achievement of its charitable objectives. The Organization had a payable balance
to IMC UK of $1,180,543 and $397,924, recorded as funds on deposit from affiliates...for the years ended June 30, 2025 and 2024, respectively. Amounts contributed to IMC UK during fiscal year 2025 and fiscal year 2024 totaled $2,079,752 and
$1,919,568, respectively. Contributions received from IMC UK amounted to $331,152 in fiscal year 2025,
with no contributions received in fiscal year 2024. On July 1, 2019, the Organization entered into an Administrative Services Agreement with IMC Croatia to
assist IMC Croatia in the achievement of its charitable objectives. The Organization had a payable balance
to IMC Croatia of $526,584 and $9,929,758, recorded as funds on deposit from affiliates...for the years ended June 30, 2025 and 2024, respectively. Amounts contributed to IMC Croatia during fiscal year 2025 and 2024 totaled $1,505,831 and $981,243,
respectively." |
According to the International Medical Corps audit of June 30, 2025 (Note 9, Concentrations of Risk): "Grants and contracts totaling $173,526,958 and $11,176,630 were received from the U.S. Agency for
International Development and the U.S. Department of State, respectively, for the year ended June 30,
2025, which represents 73% and 5%, respectively, of total revenue...Should these contribution levels decrease, the Organization may be
adversely affected." |
