American Macular Degeneration Foundation Inc

Analysis

American Macular Degeneration Foundation Inc is a registered charity in United States, based in Northampton, MA. It received its IRS tax-exemption ruling in August 1996, 30 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 December 2023, American Macular Degeneration Foundation Inc reported income of $2.6m and spending of $2.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.6m (+113%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, American Macular Degeneration Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Cleveland Browns Foundation ($2.6m), Noble County Community Foundation Inc ($2.6m) and Olean General Hospital Foundation ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $136k (5.1% of expenses). Other salaries and wages came to $615k. At year end it held assets of $3.5m against liabilities of $100k, net assets of $3.4m. It reported 10 employees.