Glioblastoma Foundation Inc

Analysis

Glioblastoma Foundation Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 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 2022, Glioblastoma Foundation Inc reported income of $1.5m and spending of $854k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $313k to $1.5m (+369%), an average of +47% a year. The sharpest change came in the year to December 2020, when income rose by 114%. Over the whole period it spent 50% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Glioblastoma Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Gackle Future Development Co ($1.5m), Orleans Emergency Unit Inc ($1.5m) and Soul Solutions Recovery Center Inc ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $193k (23% of expenses). At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 5 employees.