American Society for Metabolic and Bariatric Surgery Foundation Inc

Analysis

American Society for Metabolic and Bariatric Surgery Foundation Inc is a registered charity in United States, based in Newberry, FL. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover medical research, 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 2023, American Society for Metabolic and Bariatric Surgery Foundation Inc reported income of $356k and spending of $378k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $356k (+4.8%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, American Society for Metabolic and Bariatric Surgery Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Poplar Bluff Heroes Inc ($355k), Centro de Renovacion Y Desarollo Humano-Espirtual Buen Pastor ($356k) and C-Line Counseling Center a NJ Nonprofit Corporation ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $124k (33% of expenses). Other salaries and wages came to $57k. At year end it held assets of $1.1m against liabilities of $270k, net assets of $877k. It reported 2 employees.