Wisconsin Medical Society Foundation Inc

Analysis

Wisconsin Medical Society Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in December 1956, 70 years ago. 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, Wisconsin Medical Society Foundation Inc reported income of $832k and spending of $848k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $787k to $832k (+5.7%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wisconsin Medical Society Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within WI. Charities of a similar size with the same main cause include Western Colorado Area Health Education Center ($832k), Coalition for Radical Life Extension ($832k) and New Orleans Video Access Center Inc ($831k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $113k (13% of expenses). Other salaries and wages came to $135k. At year end it held assets of $13.9m against liabilities of $107k, net assets of $13.8m.