Foundation for a Cure for Mitochondrial Disease Inc

Analysis

Foundation for a Cure for Mitochondrial Disease Inc is a registered charity in United States, based in Cheshire, CT. It received its IRS tax-exemption ruling in March 2001, 25 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, Foundation for a Cure for Mitochondrial Disease Inc reported income of $201k and spending of $105k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $293k to $201k (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 55% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for a Cure for Mitochondrial Disease Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CT. Charities of a similar size with the same main cause include Mid Co Inc Volunteer Rescue Squad ($201k), Capstone Recovery Center Inc ($201k) and Ohio Lions Eye Research Foundation ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.