Medical Society of S C
69 Barre St Ste B, Charleston, SC · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $17,721,491 | $7,416,734 | $625,030,681 |
| FY2023 | $14,792,827 | $7,519,259 | $529,457,351 |
| FY2022 | $46,820,067 | $8,216,144 | $478,626,228 |
| FY2021 | $16,899,363 | $9,092,244 | $558,179,294 |
| FY2020 | $9,448,643 | $15,230,105 | $516,800,337 |
| FY2019 | $9,380,810 | $10,537,431 | $437,053,971 |
| FY2018 | $11,700,227 | $9,441,666 | $409,617,079 |
| FY2017 | $2,416,165 | $11,623,990 | $428,350,405 |
| FY2016 | $8,385,342 | $12,970,889 | $401,941,337 |
| FY2015 | $10,670,616 | $8,541,799 | $397,834,523 |
| FY2014 | $5,567,284 | $10,474,870 | $401,254,121 |
| FY2013 | $13,459,043 | $5,137,514 | $403,363,459 |
| FY2012 | $5,837,197 | $15,132,680 | $349,557,945 |
| FY2011 | $3,922,210 | $9,023,601 | $326,345,782 |
Form 990 filings
The returns filed by Medical Society of S C (EIN 57-0288358), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $51,771 | <1% |
| Program service revenue | $0 | 0% |
| Other revenue | $17,669,720 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $6,650,133 | 90% |
| Management & general | $766,601 | 10% |
| Fundraising | $0 | 0% |
What the numbers show
- Other revenue made up 100% of total revenue in FY2024.
- Program services accounted for 90% of functional expenses, management & general 10%, and fundraising 0%.
- 90% of functional expenses went to program services in FY2024. That is higher than 72.7% of 55 Health Care organizations in SC.
- Net assets covered about 1011.3 months of expenses at the end of the reporting year. That puts it in the 99th percentile among 236 Health Care organizations in SC.
- Total revenue was higher than 80.4% of 240 Health Care organizations in SC.
- Total revenue rose from $3,922,210 in FY2011 to $17,721,491 in FY2024. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2011, FY2012, FY2014, FY2016, FY2017, FY2019, FY2020).
- The highest revenue on record here is $46,820,067 in FY2022.
- Net assets grew from $326,345,782 to $625,030,681 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO IMPROVE THE HEALTH OF OUR COMMUNITY THROUGH CLINICAL EXCELLENCE.
IRS status
| Ruling year | 1979 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E110 — Health Care (in SC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
Similar organizations
- St Francis Physician Services Inc — Greenville, SC · $36,888,174
- South Carolina Episcopal Home at Still Hopes — West Columbia, SC · $48,124,967
- Genesis Healthcare Inc — Columbia, SC · $76,259,788
- McLeod Health Cheraw — Florence, SC · $84,538,650
- Caresouth Carolina Inc — Hartsville, SC · $86,213,612
- McLeod Medical Center Dillon — Florence, SC · $87,594,287
- Welvista — Columbia, SC · $95,953,350
- McLeod Health Clarendon — Florence, SC · $102,534,164
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.