Food Allergy Science Initiative Inc

Analysis

Food Allergy Science Initiative Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 2020, 6 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 June 2024, Food Allergy Science Initiative Inc reported income of $6.7m and spending of $4.7m, leaving 30% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $2.9m to $6.7m (+131%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 124%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Food Allergy Science Initiative Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include South Central Behavioral Services ($6.7m), Christian County Mental Health Association ($6.7m) and Essex Agricultural Society ($6.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $394k (8.4% of expenses). Other salaries and wages came to $642k. At year end it held assets of $6.3m against liabilities of $3.8m, net assets of $2.5m. It reported 8 employees.