Fort Wayne Medical Society Foundation Inc

Analysis

Fort Wayne Medical Society Foundation Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in February 1965, 61 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 December 2023, Fort Wayne Medical Society Foundation Inc reported income of $9.0m and spending of $10.2m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.5m to $9.0m (-33%), an average of -9.5% a year. The sharpest change came in the year to December 2023, when income rose by 162%. Over the whole period it spent 121% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fort Wayne Medical Society Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Generations Fertility Care Inc ($9.0m), Sky High for Kids Inc ($9.1m) and Clermont Recovery Center Inc ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $786k (7.7% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $6.4m against liabilities of $4.3m, net assets of $2.2m. It reported 117 employees.

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.