San Diego County Medical Society Foundation

Analysis

San Diego County Medical Society Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in December 1968, 58 years ago. 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 September 2023, San Diego County Medical Society Foundation reported income of $3.7m and spending of $3.2m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $511k to $3.7m (+633%), an average of +64% a year. The sharpest change came in the year to September 2021, when income rose by 181%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Diego County Medical Society Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Council on Strategic Risks ($3.7m), Home Sweet Home Ministries Inc ($3.7m) and Green Mountain Club Inc ($3.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $155k (4.9% of expenses). Other salaries and wages came to $460k. At year end it held assets of $2.5m against liabilities of $80k, net assets of $2.4m. It reported 7 employees.