Foundation for Orthopaedic Research and Education Inc

Analysis

Foundation for Orthopaedic Research and Education Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in July 1999, 27 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, Foundation for Orthopaedic Research and Education Inc reported income of $4.0m and spending of $4.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.3m to $4.0m (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Orthopaedic Research and Education Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Family Life Center Inc ($4.0m), Transformations Wellness Center ($4.0m) and Mothers Milk Bank of the Western Great Lakes Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $308k (7.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.4m against liabilities of $1.6m, net assets of -$191k. It reported 17 employees.