Orthopaedic Research and Education Foundation

Analysis

Orthopaedic Research and Education Foundation is a registered charity in United States, based in Rosemont, IL. It received its IRS tax-exemption ruling in August 1957, 69 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 June 2023, Orthopaedic Research and Education Foundation reported income of $3.6m and spending of $5.6m, spending 153% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.7m to $3.6m (-0.8%), an average of -0.2% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 121% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Orthopaedic Research and Education Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Lewy Body Dementia Association Inc ($3.6m), The Neighborhood Christian Clinic Inc ($3.6m) and Center for Progress and Excellence Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $362k (6.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $22.3m against liabilities of $4.9m, net assets of $17.3m. It reported 14 employees.