Focused Ultrasound Foundation

Analysis

Focused Ultrasound Foundation is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in May 2007, 19 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, Focused Ultrasound Foundation reported income of $8.5m and spending of $13.2m, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.2m to $8.5m (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2020, when income rose by 201%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Focused Ultrasound Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Wayne Community Health Centers Inc ($8.5m), Healthcare Commons Inc ($8.5m) and Neighborhood Properties Inc ($8.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $603k (4.6% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $38.9m against liabilities of $1.0m, net assets of $37.9m. It reported 39 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.