Worcester District Medical Society

Analysis

Worcester District Medical Society is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in June 1955, 71 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 December 2023, Worcester District Medical Society reported income of $298k and spending of $265k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $294k to $298k (+1.1%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Worcester District Medical Society sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Prediction Analytics Research Solution and Execution Limited ($298k), Changing Gaits Inc ($298k) and 22zero Follow Me Inc ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $84k (32% of expenses). Other salaries and wages came to $50k. At year end it held assets of $1.3m against liabilities of $32k, net assets of $1.3m. It reported 2 employees.