Friends of the National Multiple Sclerosis Society

Analysis

Friends of the National Multiple Sclerosis Society is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Friends of the National Multiple Sclerosis Society reported income of $470k and spending of $521k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.2m to $470k (-62%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the National Multiple Sclerosis Society sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within UT. Charities of a similar size with the same main cause include Berkeley Hall Charitable Foundation ($470k), Frenchmans Creek Charities Foundation Inc ($470k) and Impact60 Inc ($469k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $49k (9.4% of expenses). Other salaries and wages came to $133k. At year end it held assets of $54k against liabilities of $1,205, net assets of $53k. It reported 7 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.