Hereditary Neuropathy Foundation Inc

Analysis

Hereditary Neuropathy Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2001, 25 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 June 2023, Hereditary Neuropathy Foundation Inc reported income of $544k and spending of $671k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $753k to $544k (-28%), an average of -7.8% a year. The sharpest change came in the year to June 2022, when income rose by 98%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hereditary Neuropathy Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Connie Dwyer Breast Cancer Foundation ($543k), Rebirth Homes ($544k) and Hamilton Volunteer Rescue Squad Inc ($543k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $66k (9.9% of expenses). Other salaries and wages came to $60k. At year end it held assets of $1.5m against liabilities of $12k, net assets of $1.5m. It reported 2 employees.