Society of Facet Surgical Techniques and Technologies Inc

Analysis

Society of Facet Surgical Techniques and Technologies Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover medical research, 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 December 2023, Society of Facet Surgical Techniques and Technologies Inc reported income of $123k and spending of $141k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $91k to $123k (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2023, when income rose by 41743%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Society of Facet Surgical Techniques and Technologies Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include South Central Pennsylvania Sickle Cell Council ($123k), Foundation for Teen Health ($123k) and Mahoning Medical Center ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.3% of the total. At year end it held assets of $8,934 against liabilities of $29k, net assets of -$20k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.