Thinkgenetic Foundation Inc

Analysis

Thinkgenetic Foundation Inc is a registered charity in United States, based in Sudbury, MA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Thinkgenetic Foundation Inc reported income of $120k and spending of $153k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $172k to $120k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thinkgenetic Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Esg Foundation Inc ($120k), Multi-County Cancer Support Network ($120k) and Westhope Ambulance Services ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.