The Massachusetts Medical Society and Alliance Charitable Foundation

Analysis

The Massachusetts Medical Society and Alliance Charitable Foundation is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in February 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, The Massachusetts Medical Society and Alliance Charitable Foundation reported income of $339k and spending of $266k, leaving 21% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income fell from $401k to $339k (-16%), an average of -4.1% a year. The sharpest change came in the year to May 2023, when income dropped by 34%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Massachusetts Medical Society and Alliance Charitable Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include The Safe House Education Fund ($339k), National Association of Housing & Redevelopment Officials ($339k) and Silo Mision Cristiana Inc ($339k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $2.8m against liabilities of $93k, net assets of $2.7m.