Symmes Medical Use Nonprofit Corporation

Analysis

Symmes Medical Use Nonprofit Corporation is a registered charity in United States, based in Hanover, MA. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Symmes Medical Use Nonprofit Corporation reported income of $57k and spending of $53k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $52k to $57k (+8.3%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 118%. Over the whole period it spent 113% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Symmes Medical Use Nonprofit Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Donate Your Time Inc ($56k), Maor Hatorah Trust ($57k) and Lifeboat Inc ($56k).

At year end it held assets of $763k against liabilities of $0, net assets of $763k.