Society of Surgical Oncology Inc

Analysis

Society of Surgical Oncology Inc is a registered charity in United States, based in Rosemont, IL. It received its IRS tax-exemption ruling in February 1964, 62 years ago. 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, Society of Surgical Oncology Inc reported income of $7.5m and spending of $7.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $7.5m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of Surgical Oncology Inc 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 94th percentile within IL. Charities of a similar size with the same main cause include Missions Inc Programs ($7.5m), Alternative Building Concepts Group ($7.5m) and Visiting Nurse Association of Erie County ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.8% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $338k (4.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $12.5m against liabilities of $2.6m, net assets of $9.9m. It reported 29 employees.