Sass Foundation for Medical Research Inc

Analysis

Sass Foundation for Medical Research Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1987, 39 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Sass Foundation for Medical Research Inc reported income of $255k and spending of $212k, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $522k to $255k (-51%), an average of -16% a year. The sharpest change came in the year to September 2021, when income rose by 2294%. Over the whole period it spent 129% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sass Foundation for Medical Research Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Central Illinois Youth Symphony ($255k), Veterans of Foreign Wars Department of Arkansas ($255k) and Toddlers Morning Out Inc ($255k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 118% of the total. Other salaries and wages came to $134k. At year end it held assets of $396k against liabilities of $0, net assets of $396k. It reported 2 employees.