Eastern Cardiothoracic Surgical Society

Analysis

Eastern Cardiothoracic Surgical Society is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in May 1992, 34 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, Eastern Cardiothoracic Surgical Society reported income of $417k and spending of $364k, spending 87% of its income. Across the 5 years on record, from September 2019 to December 2023, income grew from $322k to $417k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 474%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastern Cardiothoracic Surgical Society sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Triangle Universities Center for Advanced Studies Inc ($417k), Matthew 25 Inc ($417k) and Boonsboro Volunteer Fire & Rescue Company Inc ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $369k against liabilities of $0, net assets of $369k.