Andrews Research & Education Foundation Inc

Analysis

Andrews Research & Education Foundation Inc is a registered charity in United States, based in Gulf Breeze, FL. It received its IRS tax-exemption ruling in October 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, Andrews Research & Education Foundation Inc reported income of $3.6m and spending of $2.8m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.6m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Andrews Research & Education Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Tidalhealth Physician Network Inc ($3.6m), Ronald McDonald House Charities South Texas ($3.6m) and Adventhealth Kansas City Foundation ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $721k (26% of expenses). Other salaries and wages came to $332k. At year end it held assets of $3.0m against liabilities of $655k, net assets of $2.3m. It reported 17 employees.