5 Under 40 Foundation Corp

Analysis

5 Under 40 Foundation Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2012, 14 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 December 2023, 5 Under 40 Foundation Corp reported income of $272k and spending of $220k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $445k to $272k (-39%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, 5 Under 40 Foundation Corp sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Planned Parenthood of Southeastern Virginia Inc ($272k), Allergists for Israel ($272k) and Luminaries Inc ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $50k. At year end it held assets of $276k against liabilities of $18k, net assets of $258k. It reported 1 employees.