The Desmoid Tumor Research Foundation Inc

Analysis

The Desmoid Tumor Research Foundation Inc is a registered charity in United States, based in Woodcliff Lake, NJ. It received its IRS tax-exemption ruling in January 2006, 20 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, The Desmoid Tumor Research Foundation Inc reported income of $334k and spending of $708k, spending 212% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $718k to $334k (-54%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Desmoid Tumor Research Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Voices of Hope for Aphasia Inc ($334k), My Time Inc ($334k) and Community Access to Coorinated Healthcare Inc Catch ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 119% of the total. Compensation of current officers, directors and key employees was $82k (12% of expenses). Other salaries and wages came to $234k. At year end it held assets of $1.0m against liabilities of $6,107, net assets of $1.0m. It reported 7 employees.