Malmonides Research and Development Foundation

Analysis

Malmonides Research and Development Foundation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 1983, 43 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Malmonides Research and Development Foundation reported income of $850k and spending of $789k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $850k (+244%), an average of +36% a year. The sharpest change came in the year to December 2020, when income dropped by 228%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Malmonides Research and Development Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Carenet Pregnancy Center of Southern Maryland Inc ($849k), The Education and Research FDNTN for Nuclear Medcn Molecular Imagin ($850k) and Bloomfield Emergency Medical Services Inc ($849k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 32% of the total. At year end it held assets of $19.8m against liabilities of $650k, net assets of $19.2m.