Foundation for Neurologic Diseases

Analysis

Foundation for Neurologic Diseases is a registered charity in United States, based in Newburyport, MA. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Neurologic Diseases reported income of $2.4m and spending of $4.5m, spending 184% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $2.4m (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 6693%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Neurologic Diseases sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Ronald McDonald House Charities of the Piedmont Triad Inc ($2.4m), St Martins Healthcare ($2.4m) and BHC Advanced Services Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 61% of the total. Other salaries and wages came to $500k. At year end it held assets of $38.4m against liabilities of $178k, net assets of $38.2m. It reported 3 employees.