Sri Lanka Medical Association North America Inc

Analysis

Sri Lanka Medical Association North America Inc is a registered charity in United States, based in Florham Park, NJ. It received its IRS tax-exemption ruling in September 1999, 27 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 (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, Sri Lanka Medical Association North America Inc reported income of $74k and spending of $21k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $44k to $74k (+67%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 503%. Over the whole period it spent 62% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sri Lanka Medical Association North America Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include Syracuse Intergroup Inc ($74k), Puerto Rico Cancer and Health Foundation Inc ($74k) and Adrenal Insufficiency United ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.