Carolyn L Farrell Foundation for Brain Health

Analysis

Carolyn L Farrell Foundation for Brain Health is a registered charity in United States, based in Westlake, OH. It received its IRS tax-exemption ruling in October 2011, 15 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, Carolyn L Farrell Foundation for Brain Health reported income of $240k and spending of $152k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $184k to $240k (+30%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carolyn L Farrell Foundation for Brain Health sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include Maagalim Community Circles Inc ($240k), Rheumatoid Arthritis Foundation Help Fight Ra Inc ($240k) and Equinimity Inc ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 1.6% of the total. At year end it held assets of $205k against liabilities of $24k, net assets of $181k.