Foundation for Research

Analysis

Foundation for Research is a registered charity in United States, based in Carson City, NV. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Research reported income of $8.1m and spending of $4.0m, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.4m to $8.1m (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 49% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Research sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within NV. Charities of a similar size with the same main cause include Masonic Medical Research Laboratory ($8.1m), Northbay Education Inc ($8.1m) and Aligned Providers of East Texas ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. Compensation of current officers, directors and key employees was $923k (23% of expenses). At year end it held assets of $153.2m against liabilities of $126k, net assets of $153.0m. It reported 4 employees.