Understanding the American Medical Association (AMA)
The American Medical Association is a non-profit 501 (c) (6) – a professional association – based in Chicago, Illinois with about 215,000 members who pay about $400 annually (although medical students and residents are exempt from annual fees).
The AMA raises about $300 million annually and spends half its revenue on staff compensation for the nearly 1,100 employees. With a $560 million net fund balance (or what some people refer to as an endowment), the AMA is in a strong financial position.
Although the AMA publishes the Journal of the American Medical Association (JAMA), the primary income stream is from royalties the organization receives for establishing, maintaining, and allowing doctors, practices, groups, hospitals, and payers (i.e. insurance companies, Medicare, Medicaid, etc) to use it’s CPT (Current Procedural Terminology) Codes system. Membership dues only provide about 12% of revenue annually. Read more 
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