Palm Beach County Medical Society Services Inc

Analysis

Palm Beach County Medical Society Services Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in July 2001, 25 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 December 2023, Palm Beach County Medical Society Services Inc reported income of $1.3m and spending of $1.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.3m (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income dropped by 30%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Palm Beach County Medical Society Services Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Utah Health & Human Rights Project ($1.3m), Empower Youth Network ($1.3m) and Shady Rest Foundation Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.5% of the total. Other salaries and wages came to $565k. At year end it held assets of $438k against liabilities of $33k, net assets of $406k.