Form5 Prosthetics Inc

Analysis

Form5 Prosthetics Inc is a registered charity in United States, based in New Albany, OH. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover health care, 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, Form5 Prosthetics Inc reported income of $301k and spending of $207k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $274k to $301k (+9.9%), an average of +9.9% a year. Over the whole period it spent 59% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Form5 Prosthetics Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Team Drea Foundation Inc ($301k), Ecu-Health Care Inc ($301k) and International Cell Surgical Society ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $50k (24% of expenses). Other salaries and wages came to $16k. At year end it held assets of $342k against liabilities of $0, net assets of $342k. It reported 8 employees.