Society for Investigative Dermatology Inc

Analysis

Society for Investigative Dermatology Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in October 1952, 74 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Society for Investigative Dermatology Inc reported income of $3.1m and spending of $3.4m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.7m to $3.1m (-34%), an average of -9.7% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society for Investigative Dermatology Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Young Mens Christian Association of Hattiesburg Mississippi ($3.1m), Center on Deafness ($3.1m) and O D a Community Development Corp ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $891k (26% of expenses). Other salaries and wages came to $465k. At year end it held assets of $10.1m against liabilities of $603k, net assets of $9.5m. It reported 7 employees.