General Thoracic Surgical Club

Analysis

General Thoracic Surgical Club is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, General Thoracic Surgical Club reported income of $588k and spending of $459k, leaving 22% of income unspent that year. Across the 4 years on record, from April 2019 to December 2023, income grew from $249k to $588k (+136%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 118%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, General Thoracic Surgical Club sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Main Street Corridor Development Corporation ($588k), Sacramento Business Services Center ($588k) and Success Unlimited Inc ($588k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. At year end it held assets of $466k against liabilities of $89k, net assets of $376k.