MDS Foundation Inc

Analysis

MDS Foundation Inc is a registered charity in United States, based in Southborough, MA. It received its IRS tax-exemption ruling in December 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, MDS Foundation Inc reported income of $239k and spending of $168k, leaving 30% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $148k to $239k (+62%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 2109%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, MDS Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Connected-Conectando Educacion ($239k), Matanuska Electric Association Charitable Foundation ($239k) and Scawca ($239k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% of the total. At year end it held assets of $2.2m against liabilities of $652, net assets of $2.2m.