XDS Inc

Analysis

XDS Inc is a registered charity in United States, based in Carrboro, NC. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover mental health and crisis intervention, 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, XDS Inc reported income of $566k and spending of $228k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $566k (+122%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 78%. Over the whole period it spent 31% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, XDS Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Alzheimers Research and Prevention Foundation ($566k), Salvus Clinic Inc ($566k) and First Choice Cooperative ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $5,050 (2.2% of expenses). At year end it held assets of $3.6m against liabilities of $686k, net assets of $2.9m.