Southbridge Medical Advisory Concil Inc

Analysis

Southbridge Medical Advisory Concil Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in January 1970, 56 years ago. 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 January 2024, Southbridge Medical Advisory Concil Inc reported income of $7.7m and spending of $7.3m, spending 95% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $4.9m to $7.7m (+57%), an average of +12% a year. The sharpest change came in the year to January 2024, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southbridge Medical Advisory Concil Inc 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 94th percentile, and in the 94th percentile within DE. Charities of a similar size with the same main cause include Council on Aging of Volusia County Inc ($7.6m), Lifespan Day Care ($7.7m) and Equestrian Events Inc ($7.6m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 54% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $795k (11% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $4.1m against liabilities of $1.5m, net assets of $2.5m. It reported 68 employees.