Technology Against ALS Foundation Inc

Analysis

Technology Against ALS Foundation Inc is a registered charity in United States, based in Parsippany, NJ. It received its IRS tax-exemption ruling in May 2014, 12 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, Technology Against ALS Foundation Inc reported income of $175k and spending of $151k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $101k to $175k (+73%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 200%. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Technology Against ALS Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Greater Giving Inc ($175k), Liv Pregnancy and Womens Wellness ($175k) and Vista Center ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.