Western Carolina Medical Society Foundation Inc

Analysis

Western Carolina Medical Society Foundation Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in March 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 December 2022, Western Carolina Medical Society Foundation Inc reported income of $1.3m and spending of $1.4m, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.4m to $1.3m (-7.5%), an average of -2.6% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Western Carolina Medical Society Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Ias ($1.3m), Bedford Area Ambulance Service ($1.3m) and Copley Woodlands Inc ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 55% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $104k (7.2% of expenses). Other salaries and wages came to $451k. It paid $18k in professional fundraising fees. At year end it held assets of $2.3m against liabilities of $153k, net assets of $2.2m. It reported 21 employees.