Specialized Medical Standards

Analysis

Specialized Medical Standards is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Specialized Medical Standards reported income of $112k and spending of $104k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $112k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Specialized Medical Standards sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within CO. Charities of a similar size with the same main cause include Minnesota Eye Foundation ($112k), Pregnancy Center Inc ($112k) and WB Foundation ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $12k against liabilities of $2,058, net assets of $10k.