The Matthew Larson Foundation for Pediatric Brain Tumors

Analysis

The Matthew Larson Foundation for Pediatric Brain Tumors is a registered charity in United States, based in Franklin LKS, NJ. It received its IRS tax-exemption ruling in June 2007, 19 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, The Matthew Larson Foundation for Pediatric Brain Tumors reported income of $1.6m and spending of $1.4m, spending 91% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.1m to $1.6m (+47%), an average of +10% a year. The sharpest change came in the year to March 2020, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Matthew Larson Foundation for Pediatric Brain Tumors sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Halle Foundation ($1.6m), Map Foundation Inc ($1.6m) and Nebraska Philanthropic Trust ($1.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 17% of the total. Other salaries and wages came to $158k. At year end it held assets of $6.6m against liabilities of $121k, net assets of $6.5m. It reported 3 employees.