Making Headway Foundation Inc

Analysis

Making Headway Foundation Inc is a registered charity in United States, based in Chappaqua, NY. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 December 2023, Making Headway Foundation Inc reported income of $1.0m and spending of $1.3m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.0m (+4.1%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Making Headway Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include American Music Therapy Association ($1.0m), Community Intervention Center of Lackawanna County ($1.0m) and Lifeline Pregnancy Help Clinic ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $145k (11% of expenses). Other salaries and wages came to $122k. At year end it held assets of $4.2m against liabilities of $205k, net assets of $4.0m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.