Neurodegenerative Disease Research Inc

Analysis

Neurodegenerative Disease Research Inc is a registered charity in United States, based in Reddick, FL. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Neurodegenerative Disease Research Inc reported income of $1.8m and spending of $2.1m, spending 118% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $3.3m to $1.8m (-44%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Neurodegenerative Disease Research Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include CDT Kids ($1.8m), Revive Dental Tennessee ($1.8m) and New York Alliance for Donation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $140. At year end it held assets of $228k against liabilities of $186, net assets of $227k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.