Doc Society Inc

Analysis

Doc Society Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2023, Doc Society Inc reported income of $2.0m and spending of $2.6m, spending 129% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.8m to $2.0m (+9.5%), an average of +2.3% a year. The sharpest change came in the year to March 2022, when income rose by 67%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Doc Society Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Francis T Smith Endowment TR ($2.0m), Nashville Predators Foundation ($2.0m) and Texas Cultural Trust Council ($2.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $149k (5.8% of expenses). Other salaries and wages came to $297k. At year end it held assets of $2.2m against liabilities of $115k, net assets of $2.1m. It reported 3 employees.