Society for Melanoma Research Ltd

Analysis

Society for Melanoma Research Ltd is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 2004, 22 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, Society for Melanoma Research Ltd reported income of $738k and spending of $1.1m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $738k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2021, when income rose by 217%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Society for Melanoma Research Ltd sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within NM. Charities of a similar size with the same main cause include Fairview Foundation ($738k), Childrens Center of Mercer County ($738k) and Operation Walk Chicago ($738k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 57% of the total. It paid $14k in professional fundraising fees. At year end it held assets of $2.7m against liabilities of $355k, net assets of $2.3m.