Neurosurgery Research and Education Foundation

Analysis

Neurosurgery Research and Education Foundation is a registered charity in United States, based in Rolling Meadows, IL. 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 June 2023, Neurosurgery Research and Education Foundation reported income of $2.0m and spending of $3.1m, spending 156% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.2m to $2.0m (-53%), an average of -17% a year. The sharpest change came in the year to June 2023, when income dropped by 32%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Neurosurgery Research and Education Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Leadingage Washington ($2.0m), Ronald McDonald House Charities of Greater Chattanooga Inc ($2.0m) and The Quell Foundation ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $330k (11% of expenses). Other salaries and wages came to $353k. It paid $9,000 in professional fundraising fees. At year end it held assets of $34.4m against liabilities of $9.8m, net assets of $24.6m.