Foundation for Research in Infectious Diseases

Analysis

Foundation for Research in Infectious Diseases is a registered charity in United States, based in Saratoga, CA. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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 February 2024, Foundation for Research in Infectious Diseases reported income of $75k and spending of $263k, spending 349% of what it took in. Across the 5 years on record, from February 2020 to February 2024, income fell from $221k to $75k (-66%), an average of -24% a year. The sharpest change came in the year to February 2024, when income dropped by 52%. Over the whole period it spent 252% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Research in Infectious Diseases sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Brecksville-Broadview Heights Preschool Mothers Club ($75k), Sampson Community Theatre Inc ($75k) and PTA North Carolina Congress ($75k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 18% of the total. At year end it held assets of $172k against liabilities of $0, net assets of $172k.

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.