Wings for Life USA - Spinal Cord Research Foundation Inc

Analysis

Wings for Life USA - Spinal Cord Research Foundation Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in February 2017, 9 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, Wings for Life USA - Spinal Cord Research Foundation Inc reported income of $5.8m and spending of $5.1m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $5.8m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wings for Life USA - Spinal Cord Research Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Henderson County Retirement Center Inc ($5.8m), United Cerebral Palsy of the Inland Empire ($5.8m) and Faith Family Medical Center ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $12.0m against liabilities of $2.4m, net assets of $9.6m.