Foundation of the Pennsylvania Medical Society

Analysis

Foundation of the Pennsylvania Medical Society is a registered charity in United States, based in Mechanicsburg, PA. It received its IRS tax-exemption ruling in August 2014, 12 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, Foundation of the Pennsylvania Medical Society reported income of $2.8m and spending of $2.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $2.8m (-4.4%), an average of -1.1% a year. The sharpest change came in the year to December 2020, when income rose by 130%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation of the Pennsylvania Medical Society sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Greater Newark Health Care Coalition Inc ($2.8m), The Life Center Complex Inc ($2.8m) and National Foundation for Autism Research ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $84k (3.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $12.4m against liabilities of $1.2m, net assets of $11.2m. It reported 24 employees.