Salisbury Foundation for Research & Education

Analysis

Salisbury Foundation for Research & Education is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Salisbury Foundation for Research & Education reported income of $553k and spending of $271k, leaving 51% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $513k to $553k (+7.9%), an average of +1.9% a year. The sharpest change came in the year to September 2022, when income rose by 72%. Over the whole period it spent 37% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Salisbury Foundation for Research & Education sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Step Seven Inc ($553k), Resilient Sisterhood Project Inc ($553k) and Tracy Ambulance Service Inc ($553k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 71% of the total. Other salaries and wages came to $54k. At year end it held assets of $2.4m against liabilities of $821, net assets of $2.4m. It reported 20 employees.