Galens Medical Society

Analysis

Galens Medical Society is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in September 1983, 43 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 June 2023, Galens Medical Society reported income of $118k and spending of $137k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $154k to $118k (-23%), an average of -6.4% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Galens Medical Society sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within MI. Charities of a similar size with the same main cause include Mind What Matters ($118k), Shannon West Texas Memorial Hospital Auxiliary Inc ($118k) and Mental Health Partners of Hancock County Inc ($118k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 25% of the total. At year end it held assets of $690k against liabilities of $0, net assets of $690k.