Society for Minimally Invasive Spine Surgery

Analysis

Society for Minimally Invasive Spine Surgery is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in December 2007, 19 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, Society for Minimally Invasive Spine Surgery reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $957k to $1.1m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 92% 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 Minimally Invasive Spine Surgery sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Immanuel Community Foundation ($1.1m), Good Neighbor Health Clinic Inc ($1.1m) and Project Commotion ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. At year end it held assets of $909k against liabilities of $8,967, net assets of $900k.