Indian River County Medical Society Foundation Inc

Analysis

Indian River County Medical Society Foundation Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in September 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, Indian River County Medical Society Foundation Inc reported income of $184k and spending of $245k, spending 133% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income fell from $229k to $184k (-20%), an average of -7.1% a year. The sharpest change came in the year to September 2020, when income rose by 117%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Indian River County Medical Society Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Auxiliary of Gouverneur Hospital Inc ($184k), National Federation of the Blind of South Carolina ($184k) and Nationwide Childrens Hospital Inc ($184k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 120% of the total. Compensation of current officers, directors and key employees was $34k (14% of expenses). Other salaries and wages came to $41k. At year end it held assets of $476k against liabilities of $14k, net assets of $462k. It reported 3 employees.