Foxg1 Research Inc

Analysis

Foxg1 Research Inc is a registered charity in United States, based in Sands Point, NY. It received its IRS tax-exemption ruling in October 2018, 8 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, Foxg1 Research Inc reported income of $1.8m and spending of $973k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $906k to $1.8m (+96%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 210%. Over the whole period it spent 55% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foxg1 Research Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Louisiana Association on Compulsive Gambling ($1.8m), The New York Milk Bank Inc ($1.8m) and Imagine a Center for Coping with Loss ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $162k (17% of expenses). It paid $66k in professional fundraising fees. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.