Myelin Repair Foundation Inc

Analysis

Myelin Repair Foundation Inc is a registered charity in United States, based in Saratoga, CA. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Myelin Repair Foundation Inc reported income of $266k and spending of $504k, spending 189% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $295k to $266k (-9.7%), an average of -2.0% a year. The sharpest change came in the year to June 2021, when income rose by 99%. Over the whole period it spent 129% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Myelin Repair Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Cut Bank Golf & Country Club ($266k), Community Directions Inc ($266k) and H O P E for Youth Foundation Inc ($266k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $120k (24% of expenses). At year end it held assets of $1.3m against liabilities of $607k, net assets of $689k. It reported 1 employees.