Greater Louisville Medical Society Foundation Inc

Analysis

Greater Louisville Medical Society Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 1961, 65 years ago. Its declared purposes cover health care, 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 March 2024, Greater Louisville Medical Society Foundation Inc reported income of $540k and spending of $627k, spending 116% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $351k to $540k (+54%), an average of +9.0% a year. The sharpest change came in the year to March 2021, when income rose by 62%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Greater Louisville Medical Society Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KY. Charities of a similar size with the same main cause include Tupper Lake Volunteer Ambulance & Emergency Squad Inc ($540k), Community Healthcare Resources ($540k) and Teamfund Inc ($540k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 39% of the total. At year end it held assets of $8.1m against liabilities of $148k, net assets of $8.0m.