Hope for Depression Research Foundation

Analysis

Hope for Depression Research Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2007, 19 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, Hope for Depression Research Foundation reported income of $3.4m and spending of $7.7m, spending 229% of what it took in. Across the 5 years on record, from August 2019 to June 2023, income fell from $5.0m to $3.4m (-32%), an average of -9.2% a year. The sharpest change came in the year to August 2020, when income rose by 665%. Over the whole period it spent 58% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope for Depression Research Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Bikur Cholim ($3.4m), Behavioral Treatment Services Inc ($3.4m) and Girls Educational and Mentoring Services Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $282k (3.6% of expenses). Other salaries and wages came to $405k. At year end it held assets of $47.2m against liabilities of $5.3m, net assets of $42.0m. It reported 9 employees.