Foundation for Research and Education in Minimally Invasive SP

Analysis

Foundation for Research and Education in Minimally Invasive SP is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2016, 10 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, Foundation for Research and Education in Minimally Invasive SP reported income of $88k and spending of $99k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $172k to $88k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 125% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Research and Education in Minimally Invasive SP sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Rebuild Better Together Inc ($88k), Nambudripad Allergy Reserach Foundation ($88k) and North Crawford Rescue Squad Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.