Sleep Research Society

Analysis

Sleep Research Society is a registered charity in United States, based in Darien, IL. It received its IRS tax-exemption ruling in August 1971, 55 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 December 2023, Sleep Research Society reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.2m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sleep Research Society sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Ripley Life Squad Inc ($1.2m), The Habonim Camp Association Company Incorporated ($1.2m) and Trinity Christian Schools Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $50k (3.8% of expenses). At year end it held assets of $4.1m against liabilities of $209k, net assets of $3.9m.