Center for Medical Simulation Inc

Analysis

Center for Medical Simulation Inc is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Center for Medical Simulation Inc reported income of $3.0m and spending of $3.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.5m to $3.0m (-12%), an average of -3.3% a year. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Center for Medical Simulation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Edith & Henry Heuser Hearing Institute ($3.0m), Abc Care Inc ($3.0m) and Mental Health Associates of Franklin County ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $213k (7.1% of expenses). Other salaries and wages came to $188k. At year end it held assets of $2.7m against liabilities of $1.3m, net assets of $1.4m. It reported 2 employees.