Never Surrender Inc

Analysis

Never Surrender Inc is a registered charity in United States, based in Hermantown, MN. It received its IRS tax-exemption ruling in October 2019, 7 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 August 2023, Never Surrender Inc reported income of $2.8m and spending of $1.5m, leaving 47% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $75k to $2.8m (+3668%), an average of +148% a year. The sharpest change came in the year to August 2020, when income rose by 2381%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Never Surrender Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include N C Little Memorial Hospice Inc ($2.8m), Caring Housing Ministries Inc ($2.8m) and Brothers United ($2.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $146k. At year end it held assets of $2.5m against liabilities of $42k, net assets of $2.5m. It reported 2 employees.