Foundation for Living Medicine

Analysis

Foundation for Living Medicine is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in July 1991, 35 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, Foundation for Living Medicine reported income of $74k and spending of $115k, spending 156% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $136k to $74k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Living Medicine sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within AZ. Charities of a similar size with the same main cause include Petaluma Valley Rotary Trust ($74k), Bay View Retired Senior Golfers Association ($74k) and Little League Baseball Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.