Institute of Neuromorphic Engineering Foundation Inc

Analysis

Institute of Neuromorphic Engineering Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 2004, 22 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, Institute of Neuromorphic Engineering Foundation Inc reported income of $96k and spending of $54k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $177k to $96k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Institute of Neuromorphic Engineering Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include Safe Harbor Norton ($96k), Alano Club ($96k) and New England League for Nurse Educators ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $136k against liabilities of $0, net assets of $136k.