Society of Hospital Medicine

Analysis

Society of Hospital Medicine is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Society of Hospital Medicine reported income of $12.6m and spending of $12.6m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $14.6m to $12.6m (-14%), an average of -3.6% a year. The sharpest change came in the year to September 2020, when income dropped by 41%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Society of Hospital Medicine 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 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Giant Steps Illinois Inc ($12.6m), Pencil Foundation ($12.6m) and Nevada Health and Bioscience Asset Corporation ($12.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.1m (8.4% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $19.9m against liabilities of $8.0m, net assets of $11.9m. It reported 62 employees.