Sackler School of Medicine

Analysis

Sackler School of Medicine is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in October 1978, 48 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, Sackler School of Medicine reported income of $8.3m and spending of $8.3m, spending 100% of its income. Across the 3 years on record, from September 2019 to September 2022, income fell from $10.0m to $8.3m (-17%), an average of -8.6% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sackler School of Medicine sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Mercy Foundation-Bakersfield ($8.3m), Western Eagle Foundation Inc ($8.3m) and Bronx Rhio Inc ($8.3m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $413k (5.0% of expenses). Other salaries and wages came to $381k. At year end it held assets of $5.3m against liabilities of $4.2m, net assets of $1.1m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.