The Progeria Research Foundation Inc

Analysis

The Progeria Research Foundation Inc is a registered charity in United States, based in Peabody, MA. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, The Progeria Research Foundation Inc reported income of $2.2m and spending of $3.9m, spending 176% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.0m to $2.2m (-56%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 2128%. Over the whole period it spent 26% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Progeria Research Foundation Inc sits at the 72nd percentile: it is larger than about 72% 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 Alliant Health Group ($2.2m), Kids & Clay Foundation ($2.2m) and Rebekah Rehab Licensed Home Care Services Agency Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $242k (6.2% of expenses). Other salaries and wages came to $800k. It paid $49k in professional fundraising fees. At year end it held assets of $48.8m against liabilities of $594k, net assets of $48.3m. It reported 16 employees.