Annandale Foundation Inc

Analysis

Annandale Foundation Inc is a registered charity in United States, based in Suwanee, GA. It received its IRS tax-exemption ruling in January 2011, 15 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Annandale Foundation Inc reported income of $231k and spending of $631k, spending 273% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $207k to $231k (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2023, when income rose by 75%. Over the whole period it spent 301% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Annandale Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within GA. Charities of a similar size with the same main cause include Hillcrest Health Foundation ($231k), Jelani Inc ($231k) and Asls Incorporated ($231k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.3% of the total. At year end it held assets of $11.6m against liabilities of $166k, net assets of $11.4m.

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.