Massachusetts Medical Benevolent Society

Analysis

Massachusetts Medical Benevolent Society is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in March 1959, 67 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 October 2023, Massachusetts Medical Benevolent Society reported income of $317k and spending of $180k, leaving 43% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income fell from $696k to $317k (-55%), an average of -18% a year. The sharpest change came in the year to October 2021, when income rose by 113%. Over the whole period it spent 47% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Massachusetts Medical Benevolent Society sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Mental Health of Associates ($317k), Town of Esopus Volunteer Ambulance Squad Inc ($317k) and Laughing Pony Rescue Inc ($317k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $6.6m against liabilities of $7,227, net assets of $6.6m.