Licr Fund Inc

Analysis

Licr Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1990, 36 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, Licr Fund Inc reported income of $34.0m and spending of $76.9m, spending 226% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $88.0m to $34.0m (-61%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Licr Fund Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Northwood Health Systems Inc ($34.0m), Taylor Regional Hospital ($34.0m) and St Francis House Nwa Inc ($34.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% of the total. Compensation of current officers, directors and key employees was $255k (0.3% of expenses). At year end it held assets of $1.81bn against liabilities of $5.7m, net assets of $1.80bn.