Field Neuroscience Institute

Analysis

Field Neuroscience Institute is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in February 1988, 38 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Field Neuroscience Institute reported income of $114k and spending of $830k, spending 728% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $313k to $114k (-64%), an average of -22% a year. The sharpest change came in the year to June 2020, when income rose by 207%. Over the whole period it spent 179% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Field Neuroscience Institute sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include An Infinite Mind ($114k), Brooklyn Medical Relations Council Inc ($114k) and 4p-Support Group ($114k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 133% of the total. At year end it held assets of $13.0m against liabilities of $1.6m, net assets of $11.4m.

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.