The Mhe Research Foundation

Analysis

The Mhe Research Foundation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2007, 19 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 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 August 2023, The Mhe Research Foundation reported income of $213k and spending of $233k, spending 110% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $108k to $213k (+96%), an average of +96% a year. The sharpest change came in the year to August 2023, when income rose by 96%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Mhe Research Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include McCurtain Memorial Hospital Foundation Inc ($213k), Serving Hands Medical Center NPC ($213k) and Cancer Gala Board ($213k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $423k against liabilities of $4,058, net assets of $419k.