Fresenius Medical Care Foundation Inc

Analysis

Fresenius Medical Care Foundation Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Fresenius Medical Care Foundation Inc reported income of $921k and spending of $812k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $921k (-52%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 72%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fresenius Medical Care Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Kiddie Kollege Child Care Center Inc ($921k), Marymount Child Care Center at Jennings ($921k) and San Francisco Students Back on Track ($921k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $1.8m against liabilities of $187k, net assets of $1.7m.