Travis County Medical Society Foundation

Analysis

Travis County Medical Society Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 1972, 54 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Travis County Medical Society Foundation reported income of $504k and spending of $713k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $570k to $504k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2021, when income dropped by 22%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Travis County Medical Society Foundation sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Ensemble Iberica Inc ($504k), Parkland Aquatic Club ($504k) and National Church Residences of ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 18% of the total. Other salaries and wages came to $157k. At year end it held assets of $2.2m against liabilities of $46k, net assets of $2.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.