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Virginia · Nonprofit

THE MEDICAL DEVICE INNOVATION CONSORTIUM

THE MEDICAL DEVICE INNOVATION CONSORTIUM (Virginia) receives grants from 3 organizations whose IRS filings report $4,023,500 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($2,001,000). 3 of them have funded it in more than one year, and 87% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

$28M
Revenue FY2024
3
Funders on record
$4.0M
Grants received
$2.1M
Net assets
3/3 repeat funderspeak grant-dependency 19%

Against its field

THE MEDICAL DEVICE INNOVATION CONSORTIUM has grown faster than three-quarters of the 4,579 health nonprofits its size.

Operating margin0% · below the median
Months of reserve1.2mo · below the median
Revenue growth (annualized)29% · top quartile

this organization peer median middle 50% of peers· 4,579 health nonprofits $10M–$100M, FY2024

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($4.8M) Expenses 100 ($4.5M) Net assets 100 ($1.5M)2018 Revenue 144 ($6.9M) Expenses 116 ($5.3M) Net assets 208 ($3.2M)2019 Revenue 157 ($7.6M) Expenses 169 ($7.7M) Net assets 200 ($3.0M)2020 Revenue 446 ($21M) Expenses 431 ($20M) Net assets 322 ($4.9M)2021 Revenue 352 ($17M) Expenses 340 ($15M) Net assets 419 ($6.4M)2022 Revenue 223 ($11M) Expenses 313 ($14M) Net assets 186 ($2.8M)2023 Revenue 310 ($15M) Expenses 344 ($16M) Net assets 138 ($2.1M)2024 Revenue 586 ($28M) Expenses 619 ($28M) Net assets 139 ($2.1M)
'17'18'19'20'21'22'23'24
Revenue (586)Expenses (619)Net assets (139)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 48% · 2018 45% · 2019 65% · 2020 84% · 2021 67% · 2022 45% · 2023 39% · 2024 67%. Grants only. Government contracts and fees sit inside program revenue.

81% of THE MEDICAL DEVICE INNOVATION CONSORTIUM’s revenue is contributions — more reliant on donations than three-quarters of its peers (7% for the typical peer).

This organization
Typical peer · 4,738 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.

$261k
17
$1.6M
18
$117k
19
$1.8M
20
$1.5M
21
$3.5M
22
$740k
23
$24k
24
1.2
months of
reserve
02Who funds it

Who funds it, year by year

2021 → 2023: the base held at 1 funder, grant income rose $500k → $1.0M.

2 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF)87% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of THE MEDICAL DEVICE INNOVATION CONSORTIUM’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE MEDICAL DEVICE INNOVATION CONSORTIUM leans on a few funders — its largest provides 50% of grant income and the top three 100%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

87% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE MEDICAL DEVICE INNOVATION CONSORTIUM.

50%
largest funder
100%
top three
~2
effective funders

Largest funder’s share by year: 2021 100% · 2022 49% · 2023 100%broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

87% of THE MEDICAL DEVICE INNOVATION CONSORTIUM's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $523k that is directly attributable, 100% of it comes from funders outside Virginia, across 1 state.

CA

In-state vs out-of-state, by year

21
22
Virginia out of state home

Funder states come from each funder’s own filing. $3.5M arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Government funding THE MEDICAL DEVICE INNOVATION CONSORTIUM receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $91.5M on record.

Federal$91.5M
grants $77.4Mcontracts $14.1M
18
19
20
21
22
23
24
25
26
Top agencies
  • Department of Health and Human Services$91.5M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like THE MEDICAL DEVICE INNOVATION CONSORTIUM

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Virginia

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

81% of spending goes to programs.

Program 81%Management 19%Fundraising 0%

Governance

22
board members
100%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Public support

85%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MN

Screen this organization

A dated, signed PDF of the compliance screen for THE MEDICAL DEVICE INNOVATION CONSORTIUM: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE MEDICAL DEVICE INNOVATION CONSORTIUM?
THE MEDICAL DEVICE INNOVATION CONSORTIUM (Virginia) receives grants from 3 organizations whose IRS filings report $4,023,500 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($2,001,000). 3 of them have funded it in more than one year, and 87% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does THE MEDICAL DEVICE INNOVATION CONSORTIUM have?
IRS filings report 3 organizations giving $4,023,500 in grants to THE MEDICAL DEVICE INNOVATION CONSORTIUM, 3 of which have funded it in more than one year.
Who is the largest funder of THE MEDICAL DEVICE INNOVATION CONSORTIUM?
NATIONAL PHILANTHROPIC TRUST is the largest funder on record, with $2,001,000 in grants. The full list of funders is on this page.
How can an organization like THE MEDICAL DEVICE INNOVATION CONSORTIUM find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 3funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported August 27, 2026. What this page cannot tell you · view filing