Bronx Veterans Medical Research Foundation Inc

Analysis

Bronx Veterans Medical Research Foundation Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 1993, 33 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 December 2023, Bronx Veterans Medical Research Foundation Inc reported income of $4.8m and spending of $5.9m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $4.8m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2020, when income rose by 61%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bronx Veterans Medical Research Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Journey Home Inc ($4.8m), East Texas A&m University Foundation ($4.8m) and Cedar Valley Friends of the Family Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $161k (2.7% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $7.1m against liabilities of $400k, net assets of $6.7m. It reported 69 employees.