Foundation for Dermatology Education

Analysis

Foundation for Dermatology Education is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2020, 6 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, Foundation for Dermatology Education reported income of $911k and spending of $1.1m, spending 116% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $464k to $911k (+96%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 62% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Dermatology Education sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include H-Cap Education Association Inc ($911k), Lifestar Inc ($911k) and American Academy of Home Care Medicine Inc ($911k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.2% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.