CMT Research Foundation Inc

Analysis

CMT Research Foundation Inc is a registered charity in United States, based in Brookhaven, GA. It received its IRS tax-exemption ruling in September 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 June 2023, CMT Research Foundation Inc reported income of $3.5m and spending of $3.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.5m to $3.5m (+131%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 832%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, CMT Research Foundation Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Asian Health Coalition ($3.5m), Citycare Counseling Inc ($3.5m) and Institute for Community Health Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $698k (19% of expenses). Other salaries and wages came to $179k. It paid $134k in professional fundraising fees. At year end it held assets of $4.0m against liabilities of $261k, net assets of $3.8m. It reported 6 employees.