Myasthenia Gravis Foundation of America Inc

Analysis

Myasthenia Gravis Foundation of America Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 1954, 72 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, Myasthenia Gravis Foundation of America Inc reported income of $3.6m and spending of $3.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.6m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Myasthenia Gravis Foundation of America Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Vital Healthcare Capital ($3.6m), Clarkson Community Care Center Inc ($3.6m) and Henderson County Free Medical Clinic Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $278k (7.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $12.0m against liabilities of $1.4m, net assets of $10.6m. It reported 11 employees.