Fight the New Drug Inc

Analysis

Fight the New Drug Inc is a registered charity in United States, based in Murray, UT. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover mental health and crisis intervention, 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, Fight the New Drug Inc reported income of $698k and spending of $1.2m, spending 176% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $410k to $698k (+70%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 293%. Over the whole period it spent 132% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fight the New Drug Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within UT. Charities of a similar size with the same main cause include Oklahoma Receivership Office Inc ($698k), Silver Regional Sexual Assault Support Services ($698k) and Annies Angels Memorial Fund Inc ($698k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $114k (9.3% of expenses). Other salaries and wages came to $648k. At year end it held assets of $357k against liabilities of $63k, net assets of $294k. It reported 11 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.