Foundation of the Consortium of Multiple Sclerosis Centers

Analysis

Foundation of the Consortium of Multiple Sclerosis Centers is a registered charity in United States, based in Hackensack, NJ. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Foundation of the Consortium of Multiple Sclerosis Centers reported income of $389k and spending of $451k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $389k (+5.7%), an average of +1.4% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 131% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation of the Consortium of Multiple Sclerosis Centers sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include International Alliance of Theatrical and Stage Employees ($389k), Battlefield High School Athletic Booster Club ($389k) and Bright Lights Inc ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $39k. At year end it held assets of $135k against liabilities of $15k, net assets of $120k.

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.