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.
- Revenue FY2024
- $28M
- Funders on record
- 3
- Grants received
- $4.0M
- Net assets
- $2.1M
What The Medical Device Innovation Consortium does
Mission
Break down barriers in the medical technology life cycle to accelerate innovation and adoption of safe, effective and high-quality medical technologies.
As stated on its FY2024 Form 990.
Programs
National evaluation system for health technology coordinating center:the national evaluation system for health technology (nest) is an initiative of mdic which serves as a catalyst in establishing functional and efficient pathways for key stakeholders to generate lower-cost, nearer real-time real-world evidence (rwe) of sufficient quality for regulatory, coverage, patient, and clinical decision-making. By solving the challenges that have slowed medical device innovation, delayed the detection of safety signals, and created inefficiencies, nestcc could improve patients' timely access to safe medical devices and their quality of life.
$15,109,411 spent$223,000 earned by the program66% of program spendingScience and technology:science and technology's focus involves developing tools and methods to enhance efficiency (in terms of time and resources), quality, design, manufacturing, and a predictable pathway in data collection and evidence development. The organization's clinical science program aims to improve diagnostic testing and product development by supporting manufacturers in obtaining credible clinical evidence patient preferences and facilitating first-in-world patient access to safe and effective new technologies of significant health importance.
$6,521,269 spent$5,059,412 earned by the program28% of program spendingHealth economics and patient value:mdic's value-based healthcare projects are developed to improve the industry's ability to real world evidence and include patient perspectives in the development, pre-market approval, and post-market evaluation of medical devices and support a more predictable pathway in reimbursement decisions under federal healthcare programs.
$744,488 spent3% of program spendingDevelopment and membership
$563,698 spent$176,736 earned by the program2% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $22,938,866.
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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $8.8M to $12M (+31%).
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.
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).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Fish Andrew
President & CEO
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2023 and FY2024 filings.
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.
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.
In-state vs out-of-state, by year
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.
Against its field
THE MEDICAL DEVICE INNOVATION CONSORTIUM has grown faster than three-quarters of the 4,580 health nonprofits its size.
this organization peer median middle 50% of peers· 4,580 health nonprofits $10M–$100M, FY2024
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.
- 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
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
81% of spending goes to programs.
Governance
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
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.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · 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.
Play a game about who funds Medical Device Innovation Consortium →
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 3 funders 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 October 14, 2026. What this page cannot tell you · view filing