Acadiana Medical Research Foundation Inc

Analysis

Acadiana Medical Research Foundation Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in May 1980, 46 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Acadiana Medical Research Foundation Inc reported income of $391k and spending of $393k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $324k to $391k (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Acadiana Medical Research Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within LA. Charities of a similar size with the same main cause include Igw Childrens Hope Foundation Inc ($391k), Sauk Valley Voices of Recovery ($391k) and Haven Care Center Inc ($391k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $99k (25% of expenses). Other salaries and wages came to $222k. At year end it held assets of $736k against liabilities of $0, net assets of $736k. It reported 5 employees.