Ear Research Foundation Inc

Analysis

Ear Research Foundation Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in February 1979, 47 years ago. 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, Ear Research Foundation Inc reported income of $638k and spending of $833k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $532k to $638k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 142%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ear Research Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Los Angeles Lomod West Inc ($638k), United Way of North Idaho Inc ($638k) and Wings Foundation Inc ($637k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $77k (9.3% of expenses). Other salaries and wages came to $250k. At year end it held assets of $2.5m against liabilities of $1.0m, net assets of $1.5m. It reported 8 employees.