Race to Erase Ms

Analysis

Race to Erase Ms is a registered charity in United States, based in Encino, CA. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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, Race to Erase Ms reported income of $1.2m and spending of $1.6m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.2m (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Race to Erase Ms sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Immigration Advocacy Services Inc ($1.2m), Jack Hall Kona Memorial ($1.2m) and Sudbury Valley School Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $367k (22% of expenses). Other salaries and wages came to $168k. At year end it held assets of $2.1m against liabilities of $368k, net assets of $1.8m. It reported 5 employees.