Foundation of the National Lipid Association Inc

Analysis

Foundation of the National Lipid Association Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in December 2005, 21 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 the National Lipid Association Inc reported income of $284k and spending of $136k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $188k to $284k (+51%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 76% 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 the National Lipid Association Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Educational Alternatives ($284k), Rare Sisters Batten Foundation Inc ($284k) and Summit County Clubhouse ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $870k against liabilities of $0, net assets of $870k.