Can Do Multiple Sclerosis

Analysis

Can Do Multiple Sclerosis is a registered charity in United States, based in Edwards, CO. It received its IRS tax-exemption ruling in December 1984, 42 years ago. 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, Can Do Multiple Sclerosis reported income of $2.8m and spending of $2.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $2.8m (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Can Do Multiple Sclerosis sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CO. Charities of a similar size with the same main cause include Vincare Services of Austin ($2.8m), Trenton Emergency Medical Service Tems ($2.8m) and Restavec Freedom Foundation ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $450k (16% of expenses). Other salaries and wages came to $844k. At year end it held assets of $2.1m against liabilities of $507k, net assets of $1.6m. It reported 23 employees.