International Society for Minimally Invasive Cardiac Surgery

Analysis

International Society for Minimally Invasive Cardiac Surgery is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover medical research, 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, International Society for Minimally Invasive Cardiac Surgery reported income of $982k and spending of $952k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $982k (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, International Society for Minimally Invasive Cardiac Surgery sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Fundacion Hospital Pediatrico ($982k), Ronald McDonald House of Danville Inc ($982k) and The Marty Lyons Foundation Inc ($982k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $30k (3.2% of expenses). At year end it held assets of $756k against liabilities of $116k, net assets of $639k.