Western Thoracic Surgical Association

Analysis

Western Thoracic Surgical Association is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in March 1976, 50 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Western Thoracic Surgical Association reported income of $492k and spending of $552k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $608k to $492k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income rose by 259%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Western Thoracic Surgical Association sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include North Suburban Counseling Center ($492k), Maryland Committee on Trauma Inc ($492k) and Chemo Buddies ($491k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. At year end it held assets of $765k against liabilities of $13k, net assets of $751k.