Cabo Verdean American Medical Society

Analysis

Cabo Verdean American Medical Society is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 2021, 5 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, Cabo Verdean American Medical Society reported income of $115k and spending of $147k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $115k (+10%), an average of +10% a year. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cabo Verdean American Medical Society 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 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Highmark Health ($115k), Health&help ($115k) and Healthy Hoosiers Foundation Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.