Society for Medical Education and Assistance Inc

Analysis

Society for Medical Education and Assistance Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in October 2019, 7 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, Society for Medical Education and Assistance Inc reported income of $396k and spending of $91k, leaving 77% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $366k to $396k (+8.3%), an average of +4.1% a year. The sharpest change came in the year to December 2023, when income rose by 2603%. Over the whole period it spent 14% 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 Medical Education and Assistance Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Seymour Pink Inc ($396k), Gallatin Senior Housing Inc ($396k) and 504healthnet ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $1.0m against liabilities of $176k, net assets of $868k.