Diabetes Research and Wellness Foundation Inc

Analysis

Diabetes Research and Wellness Foundation Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in October 1993, 33 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, Diabetes Research and Wellness Foundation Inc reported income of $3.1m and spending of $2.6m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.1m to $3.1m (-23%), an average of -6.5% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Diabetes Research and Wellness Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Davis-Stuart Inc ($3.1m), Sight Conservation of N E N Y Inc ($3.1m) and Shepherds House Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $95k (3.6% of expenses). Other salaries and wages came to $228k. At year end it held assets of $249k against liabilities of $356k, net assets of -$108k. It reported 4 employees.