Global Alzheimers Platform Foundation Inc

Analysis

Global Alzheimers Platform Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2015, 11 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Global Alzheimers Platform Foundation Inc reported income of $8.7m and spending of $11.7m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $8.7m (+82%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Global Alzheimers Platform Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 86th percentile within DC. Charities of a similar size with the same main cause include Hauptman-Woodward Medical Research Institute Inc ($8.7m), United Cerebral Palsy Association of Central Arizona ($8.7m) and North Flight Aero Med ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $601k (5.2% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $4.2m against liabilities of $836k, net assets of $3.4m. It reported 44 employees.