Chicago Medical Society Foundation

Analysis

Chicago Medical Society Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1943, 83 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 2022, Chicago Medical Society Foundation reported income of $1.2m and spending of $491k, leaving 60% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $454k to $1.2m (+172%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 134%. 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, Chicago Medical Society Foundation 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 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Mustard Seed Autism Project Inc ($1.2m), Lamaze International ($1.2m) and Childrens Hospital Foundation ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.6% and program service revenue 13% of the total. Other salaries and wages came to $149k. At year end it held assets of $4.0m against liabilities of $1.8m, net assets of $2.2m. It reported 8 employees.