ALS Therapy Development Foundation Inc

Analysis

ALS Therapy Development Foundation Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in July 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, ALS Therapy Development Foundation Inc reported income of $11.6m and spending of $11.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.1m to $11.6m (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, ALS Therapy Development Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Institute for Health and Recovery Inc ($11.5m), Essentia Institute of Rural Health ($11.6m) and Visiting Nurse Association of Cleveland ($11.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $340k (3.0% of expenses). Other salaries and wages came to $3.8m. It paid $27k in professional fundraising fees. At year end it held assets of $20.0m against liabilities of $5.0m, net assets of $15.0m. It reported 63 employees.