Foundation for Sarcoidosis Research

Analysis

Foundation for Sarcoidosis Research is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Sarcoidosis Research reported income of $2.6m and spending of $2.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.6m (+19%), an average of +4.3% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for Sarcoidosis Research sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Feed Israel ($2.6m), Illinois Network of Centers for Independent Living ($2.6m) and United Way of the Dutchess-Orange Region Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $416k (17% of expenses). Other salaries and wages came to $621k. At year end it held assets of $5.7m against liabilities of $456k, net assets of $5.3m. It reported 18 employees.