Macular Degeneration Foundation Inc

Analysis

Macular Degeneration Foundation Inc is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Macular Degeneration Foundation Inc reported income of $116k and spending of $601k, spending 516% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $821k to $116k (-86%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 88%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Macular Degeneration Foundation Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within NV. Charities of a similar size with the same main cause include Montville Township First Aid Squad Inc ($116k), Tiny Hope Childrens Home ($117k) and Bill Bottino Cancer Foundation a NJ Nonprofit Corporation ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $227k (38% of expenses). At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m. It reported 3 employees.