Foundation for Applied Molecular Evolution Inc

Analysis

Foundation for Applied Molecular Evolution Inc is a registered charity in United States, based in Alachua, FL. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Applied Molecular Evolution Inc reported income of $3.8m and spending of $3.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.8m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Applied Molecular Evolution Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Aspen Public Education Fund ($3.8m), Chicago State Foundation ($3.8m) and National Talent Academy Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $184k (4.8% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.4m against liabilities of $312k, net assets of $2.1m. It reported 36 employees.