Hypertrophic Cardiomyopathy Medical Society

Analysis

Hypertrophic Cardiomyopathy Medical Society is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hypertrophic Cardiomyopathy Medical Society reported income of $284k and spending of $187k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $451k to $284k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 44% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hypertrophic Cardiomyopathy Medical Society sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Jefferson Healthcare Foundation ($284k), Tester Construction Gives ($284k) and Anchorage Senior Living Inc ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.3% of the total. At year end it held assets of $406k against liabilities of $18k, net assets of $388k.