New York STEM Cell Foundation Inc

Analysis

New York STEM Cell Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 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 June 2023, New York STEM Cell Foundation Inc reported income of $30.4m and spending of $43.5m, spending 143% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $40.1m to $30.4m (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2021, when income rose by 102%. 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, New York STEM Cell Foundation Inc sits at the 91st percentile: it is larger than about 91% 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 Ucm Medical Group Inc ($30.4m), Planned Parenthood of Greater Washington and North Idaho ($30.4m) and Unified Community Connections Inc ($30.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $795k (1.8% of expenses). Other salaries and wages came to $14.1m. At year end it held assets of $93.4m against liabilities of $59.0m, net assets of $34.4m. It reported 154 employees.