The Thoracic Surgery Foundation

Analysis

The Thoracic Surgery Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1990, 36 years ago. 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, The Thoracic Surgery Foundation reported income of $2.9m and spending of $3.3m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.9m (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Thoracic Surgery Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include El Camino Community College District Foundation ($2.9m), Make a Wish Foundation of South Dakota ($2.9m) and National Cyber Security Alliance ($2.9m).

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 $9.9m against liabilities of $2.4m, net assets of $7.5m.