Scholarship Fund of Worcester District Medical Society

Analysis

Scholarship Fund of Worcester District Medical Society is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Scholarship Fund of Worcester District Medical Society reported income of $73k and spending of $52k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $152k to $73k (-52%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarship Fund of Worcester District Medical Society sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Greenbriar Parent Teacher Organization ($73k), Carlynton Education Foundation Corporation ($73k) and Make the Grade Foundation Inc ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $889k against liabilities of $0, net assets of $889k.