Society for Acupuncture Research Inc

Analysis

Society for Acupuncture Research Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Society for Acupuncture Research Inc reported income of $231k and spending of $218k, spending 94% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $223k to $231k (+3.6%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income rose by 577%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for Acupuncture Research Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Friends of Vernon Center Inc ($231k), Huntingdon County Arts Council ($231k) and Center for Arabic Culture Inc ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 65% of the total. At year end it held assets of $98k against liabilities of $6,784, net assets of $91k.