Digital Medicine Society Inc

Analysis

Digital Medicine Society Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 2019, 7 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, Digital Medicine Society Inc reported income of $8.3m and spending of $5.6m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $177k to $8.3m (+4588%), an average of +162% a year. The sharpest change came in the year to December 2021, when income rose by 542%. Over the whole period it spent 56% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Digital Medicine Society Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Southwest Louisiana AIDS Council ($8.3m), Home for Aged Masons ($8.3m) and Georgia Cooperative Services for the Blind Inc ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $8.4m against liabilities of $33k, net assets of $8.4m. It reported 40 employees.