The Center for Asbestos Related Disease Inc

Analysis

The Center for Asbestos Related Disease Inc is a registered charity in United States, based in Libby, MT. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover health care, 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 December 2023, The Center for Asbestos Related Disease Inc reported income of $3.5m and spending of $9.3m, spending 269% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $3.5m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 128% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Center for Asbestos Related Disease Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MT. Charities of a similar size with the same main cause include Levittown-Fairless Hills Rescue Squad Inc ($3.5m), Assure Womens Center ($3.5m) and United Health Services Foundation Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $245k (2.6% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.3m against liabilities of $6.1m, net assets of -$2.8m. It reported 28 employees.