Dr Magnus Hirschfeld Fund

Analysis

Dr Magnus Hirschfeld Fund is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2005, 21 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 December 2023, Dr Magnus Hirschfeld Fund reported income of $85k and spending of $39k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $32k to $85k (+163%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 1140%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Dr Magnus Hirschfeld Fund sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within PA. Charities of a similar size with the same main cause include Mount Desert Medical Center ($85k), Rushford Foundation Inc ($85k) and Special Needs Resource Foundation of San Diego ($85k).

At year end it held assets of $5.7m against liabilities of $1,500, net assets of $5.7m.