Lake County Medical Society Inc

Analysis

Lake County Medical Society Inc is a registered charity in United States, based in Schererville, IN. It received its IRS tax-exemption ruling in May 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake County Medical Society Inc reported income of $72k and spending of $36k, leaving 50% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $105k to $72k (-32%), an average of -7.3% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 142% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lake County Medical Society Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within IN. Charities of a similar size with the same main cause include MPM Elderly Services Inc ($72k), Caroline Recovery Center Ltd ($72k) and Meals on Wheels of Beatrice Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $519k against liabilities of $166k, net assets of $353k.