Massachusetts Society for Medical Research Inc

Analysis

Massachusetts Society for Medical Research Inc is a registered charity in United States, based in N Chelmsford, MA. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Massachusetts Society for Medical Research Inc reported income of $458k and spending of $472k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $468k to $458k (-2.2%), an average of -0.6% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Massachusetts Society for Medical Research Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Obi Foundation for Bioesthetics Dentistry ($458k), Shelter Health Services Incorporated ($458k) and Mission 61 ($458k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $564k against liabilities of $134k, net assets of $430k. It reported 2 employees.