Mike Geltrude Foundation Inc

Analysis

Mike Geltrude Foundation Inc is a registered charity in United States, based in Nutley, NJ. It received its IRS tax-exemption ruling in June 2006, 20 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, Mike Geltrude Foundation Inc reported income of $103k and spending of $77k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $71k to $103k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2022, when income rose by 6011%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mike Geltrude Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 45th percentile within NJ. Charities of a similar size with the same main cause include Empower Spinal Cord Injury Incorporated ($103k), Goshen Cancer Foundation ($103k) and Central Ga Cancer Care Foundation Inc ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $173k against liabilities of $0, net assets of $173k.