Asxl Rare Research Endowment Foundation

Analysis

Asxl Rare Research Endowment Foundation is a registered charity in United States, based in Gorham, ME. It received its IRS tax-exemption ruling in May 2018, 8 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, Asxl Rare Research Endowment Foundation reported income of $284k and spending of $229k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $897k to $284k (-68%), an average of -25% a year. The sharpest change came in the year to December 2021, when income rose by 194%. Over the whole period it spent 64% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Asxl Rare Research Endowment Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 55th percentile within ME. Charities of a similar size with the same main cause include Jersey Community Hospital Foundation ($284k), Parents and Addicts in Need ($284k) and Abilities Workshop Inc ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $106k (46% of expenses). Other salaries and wages came to $6,151. At year end it held assets of $669k against liabilities of $1,254, net assets of $667k. It reported 1 employees.