Old North State Medical Society Inc

Analysis

Old North State Medical Society Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in June 1985, 41 years ago. 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, Old North State Medical Society Inc reported income of $297k and spending of $545k, spending 184% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.9m to $297k (-84%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 93%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old North State Medical Society Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Louisiana Preservation Alliance Inc ($297k), American Lyric Theater Center Inc ($297k) and Rock County Historical Society ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $199k. At year end it held assets of $751k against liabilities of $3,595, net assets of $748k. It reported 5 employees.