Foundation of Orthopedics and Complex Spine Inc

Analysis

Foundation of Orthopedics and Complex Spine Inc is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in September 1999, 27 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, Foundation of Orthopedics and Complex Spine Inc reported income of $753k and spending of $864k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $753k (-80%), an average of -33% a year. The sharpest change came in the year to December 2021, when income dropped by 84%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation of Orthopedics and Complex Spine Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Christian Hospital Foundation ($753k), Capital Medical Society Foundation Inc ($753k) and Healthy Chesapeake Inc ($753k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. Other salaries and wages came to $35k. At year end it held assets of $1.2m against liabilities of $85k, net assets of $1.2m.