Southern Medical Association

Analysis

Southern Medical Association is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in March 1940, 86 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 June 2023, Southern Medical Association reported income of $1.1m and spending of $1.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.1m (-25%), an average of -7.0% a year. The sharpest change came in the year to June 2020, when income dropped by 34%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Medical Association sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within AL. Charities of a similar size with the same main cause include Luther Gardens Inc ($1.1m), Arrowhead Emergency Medical Services Association Inc ($1.1m) and Henricus Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $99k (8.4% of expenses). Other salaries and wages came to $443k. At year end it held assets of $5.9m against liabilities of $1.2m, net assets of $4.7m. It reported 13 employees.