The Foundation for Developmental Medicine Inc

Analysis

The Foundation for Developmental Medicine Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1990, 36 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 June 2023, The Foundation for Developmental Medicine Inc reported income of $62k and spending of $50k, spending 81% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $45k to $62k (+40%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Foundation for Developmental Medicine Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Soccer Assoc for Youth ($62k), San Fernando Valley Symphony Inc ($62k) and Early Learning Indiana Auxilary Inc ($62k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $90k against liabilities of $434, net assets of $90k.