Foundation for Arthroplasty Research and Education

Analysis

Foundation for Arthroplasty Research and Education is a registered charity in United States, based in Rosemont, IL. It received its IRS tax-exemption ruling in October 2015, 11 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 Arthroplasty Research and Education reported income of $120k and spending of $243k, spending 202% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $274k to $120k (-56%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 135%. Over the whole period it spent 154% 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 Arthroplasty Research and Education sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within IL. Charities of a similar size with the same main cause include Upmc ($120k), Drake Rayden Foundation ($120k) and Ascenda ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% of the total. At year end it held assets of $1.9m against liabilities of $175k, net assets of $1.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.