T1d Exchange Inc

Analysis

T1d Exchange Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, T1d Exchange Inc reported income of $4.3m and spending of $10.2m, spending 238% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $921k to $4.3m (+364%), an average of +47% a year. The sharpest change came in the year to December 2020, when income rose by 1265%. 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, T1d Exchange Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Rural Wisconsin Health Cooperativeinformation Technology Network ($4.3m), Florida Hospital Waterman Foundation Inc ($4.3m) and D&t Facility Management Company ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $389k (3.8% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $15.6m against liabilities of $2.3m, net assets of $13.3m. It reported 39 employees.