Medical Society of S C

Analysis

Medical Society of S C is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Medical Society of S C reported income of $46.8m and spending of $8.2m, leaving 82% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $9.4m to $46.8m (+399%), an average of +71% a year. The sharpest change came in the year to December 2022, when income rose by 177%. Over the whole period it spent 52% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical Society of S C sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Rehabilitation Hospital of Indiana Inc ($46.8m), Adult and Child Mental Health Inc ($46.8m) and South Shore Hospital Corporation ($46.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.1% of the total. Compensation of current officers, directors and key employees was $445k (5.4% of expenses). Other salaries and wages came to $10k. At year end it held assets of $559.5m against liabilities of $80.8m, net assets of $478.6m. It reported 2 employees.