CH Neurology Foundation Inc

Analysis

CH Neurology Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, CH Neurology Foundation Inc reported income of $49.7m and spending of $51.3m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $42.1m to $49.7m (+18%), an average of +4.2% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, CH Neurology Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Family Guidance Centers Inc ($49.6m), Bellwether Housing ($49.8m) and Samaritan Healthcare & Hospice Inc ($49.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $4.0m (7.8% of expenses). At year end it held assets of $32.2m against liabilities of $9.9m, net assets of $22.4m. It reported 79 employees.