Jay N Schapira MD Medical Research Foundation Inc

Analysis

Jay N Schapira MD Medical Research Foundation Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1986, 40 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Jay N Schapira MD Medical Research Foundation Inc reported income of $322k and spending of $514k, spending 160% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $115k to $322k (+180%), an average of +29% a year. The sharpest change came in the year to November 2023, when income rose by 357%. Over the whole period it spent 223% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jay N Schapira MD Medical Research Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Pleasant Hills Volunteer Fire Company ($322k), Vince Ambrosetti Ministries ($322k) and Kansas City Chorale ($321k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 33% of the total. Compensation of current officers, directors and key employees was $222k (43% of expenses). Other salaries and wages came to $176k. At year end it held assets of $467k against liabilities of $501k, net assets of -$34k. 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.