National Ataxia Foundation Inc

Analysis

National Ataxia Foundation Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 1974, 52 years ago. 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, National Ataxia Foundation Inc reported income of $4.0m and spending of $4.9m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $4.0m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Ataxia Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Big Brothers Big Sisters of the Midlands ($4.0m), Institute on Religion and Public Life ($4.0m) and Arc Xvi Fort Washington Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $553k (11% of expenses). Other salaries and wages came to $923k. At year end it held assets of $4.1m against liabilities of $502k, net assets of $3.6m. It reported 21 employees.