Dermatology Foundation

Analysis

Dermatology Foundation is a registered charity in United States, based in Skokie, IL. It received its IRS tax-exemption ruling in March 1965, 61 years ago. 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, Dermatology Foundation reported income of $3.8m and spending of $5.9m, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.6m to $3.8m (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dermatology Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Foundation for Advancing Science Technology Education ($3.8m), Goodwill Industries of St Clair County Inc ($3.8m) and Columbus Regional Shelter for Victims of Domestic Violence Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $799k (14% of expenses). Other salaries and wages came to $344k. At year end it held assets of $56.7m against liabilities of $2.5m, net assets of $54.2m. It reported 5 employees.