Multiple Sclerosis Foundation Inc

Analysis

Multiple Sclerosis Foundation Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in October 1988, 38 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, Multiple Sclerosis Foundation Inc reported income of $4.8m and spending of $5.2m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.7m to $4.8m (-45%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Multiple Sclerosis Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Association of University Professors of Ophthalmology Inc ($4.8m), Habitat for Humanity International Inc ($4.8m) and Dayspring Homes Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $252k (4.8% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $8.0m against liabilities of $1.1m, net assets of $6.9m. It reported 273 employees.