Foundation for Spinal Restoration

Analysis

Foundation for Spinal Restoration is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in July 2014, 12 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, Foundation for Spinal Restoration reported income of $1.0m and spending of $330k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $699k to $1.0m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 44% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Spinal Restoration sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include My Fathers House Inc ($1.0m), Nyaya Health a Nonprofit Corporation ($1.0m) and Cancer Research Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 4.5% of the total. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.