Mars Research Inc

Analysis

Mars Research Inc is a registered charity in United States, based in Gilbert, IA. It received its IRS tax-exemption ruling in June 2003, 23 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 (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, Mars Research Inc reported income of $197k and spending of $238k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $197k (+39%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mars Research Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IA. Charities of a similar size with the same main cause include Feisty Fighters Inc ($197k), We Care Mobile Dental Foundation ($197k) and Camp Milestones Inc ($197k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.