DXT Therapeutic Foundation Inc

Analysis

DXT Therapeutic Foundation Inc is a registered charity in United States, based in Forestville, MD. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, DXT Therapeutic Foundation Inc reported income of $306k and spending of $286k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $507 to $306k (+60329%), an average of +60329% a year. The sharpest change came in the year to December 2023, when income rose by 60329%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, DXT Therapeutic Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Teton County Council on Aging ($306k), Low Input Viticulture & Enology Inc ($306k) and Community Chest of New Britain and Berlin Inc ($306k).

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 $27k (9.3% of expenses). Other salaries and wages came to $18k. It paid $13k in professional fundraising fees. At year end it held assets of $81k against liabilities of $71k, net assets of $10k. It reported 5 employees.