Developmental Therapeutics Inc

Analysis

Developmental Therapeutics Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Developmental Therapeutics Inc reported income of $125k and spending of $288k, spending 230% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $125k (-89%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 124% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Developmental Therapeutics Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within OH. Charities of a similar size with the same main cause include Pillars PJS Inc ($125k), Favor House Ministries ($125k) and Optimal Medical Foundation Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $217k against liabilities of $0, net assets of $217k.

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.