Michael J Fox Foundation for Parkinsons Research

Analysis

Michael J Fox Foundation for Parkinsons Research is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2000, 26 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, Michael J Fox Foundation for Parkinsons Research reported income of $316.1m and spending of $386.2m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $161.7m to $316.1m (+95%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Michael J Fox Foundation for Parkinsons Research sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Community Hospitals of Indiana Inc ($314.7m), Lifebridge Health Inc ($317.4m) and Ascension All Saints Hospital Inc ($314.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $4.1m (1.1% of expenses). Other salaries and wages came to $32.3m. It paid $180k in professional fundraising fees. At year end it held assets of $349.5m against liabilities of $214.4m, net assets of $135.0m. It reported 288 employees.