Neurtex Brain Research Institute Inc

Analysis

Neurtex Brain Research Institute Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in August 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, Neurtex Brain Research Institute Inc reported income of $402k and spending of $611k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $565k to $402k (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2022, when income dropped by 51%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Neurtex Brain Research Institute Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Upper Midwest Bleeding Disorders Al Liance ($401k), S P U R S Therapeutic Riding Center Inc ($402k) and North American Hair Research Society ($401k).

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 $25k (4.1% of expenses). At year end it held assets of $154k against liabilities of $2,061, net assets of $152k.