American Society for Artificial Internal Organs Inc

Analysis

American Society for Artificial Internal Organs Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in December 1983, 43 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, American Society for Artificial Internal Organs Inc reported income of $773k and spending of $745k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $807k to $773k (-4.2%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Society for Artificial Internal Organs 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 76th percentile within MA. Charities of a similar size with the same main cause include New England Museum Association Inc ($773k), Fairbanks Area Surface Transportation Planning ($773k) and River Park Elderly Housing Inc River Park Elderly Housing Inc ($773k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 90% of the total. At year end it held assets of $1.8m against liabilities of $18k, net assets of $1.8m.