Frontier Science and Technology Research Foundation Inc

Analysis

Frontier Science and Technology Research Foundation Inc is a registered charity in United States, based in Amherst, NY. It received its IRS tax-exemption ruling in February 1976, 50 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Frontier Science and Technology Research Foundation Inc reported income of $29.2m and spending of $29.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.2m to $29.2m (+21%), an average of +4.9% a year. 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, Frontier Science and Technology Research Foundation Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Upstate Community Medical P C ($29.2m), Cerebral Palsy of Westchester Inc ($29.2m) and Deaconess Union County Hospital Inc ($29.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $1.1m (3.9% of expenses). Other salaries and wages came to $16.8m. At year end it held assets of $18.5m against liabilities of $5.5m, net assets of $13.0m. It reported 302 employees.