Society of Black Academic Surgeons Inc

Analysis

Society of Black Academic Surgeons Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1994, 32 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 Black Academic Surgeons Inc reported income of $746k and spending of $303k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $393k to $746k (+90%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of Black Academic Surgeons Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Grace International Churches and Ministries Inc ($746k), A Growing Place Inc ($746k) and Bible Impact Ministries ($745k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. At year end it held assets of $2.0m against liabilities of $523k, net assets of $1.5m.