Foundation for Rare Disease Research Inc

Analysis

Foundation for Rare Disease Research Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in January 2023, 3 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 (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 Rare Disease Research Inc reported income of $1.3m and spending of $2,380, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.7m to $1.3m (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 0.1% 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 Rare Disease Research Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Resilient Retreat Inc ($1.3m), Old Saybrook Ambulance Association Inc ($1.3m) and Borg Pioneer Memorial Home ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.