Digitalis Commons Inc

Analysis

Digitalis Commons Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2020, 6 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 2022, Digitalis Commons Inc reported income of $350k and spending of $19k, leaving 95% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $336k to $350k (+4.2%), an average of +1.4% a year. The sharpest change came in the year to December 2022, when income rose by 1290%. Over the whole period it spent 43% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Digitalis Commons Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Association for Multicultural Affairs in Transplantation ($350k), Mile in My Shoes ($350k) and Beyond Antibiotics Inc ($350k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $27k, net assets of $1.1m.