International Myeloma Foundation

Analysis

International Myeloma Foundation is a registered charity in United States, based in Studio City, CA. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 September 2023, International Myeloma Foundation reported income of $16.7m and spending of $18.4m, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $20.0m to $16.7m (-16%), an average of -4.4% a year. The sharpest change came in the year to September 2020, when income dropped by 26%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Myeloma Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include New Horizons Serving Individuals with Special Needs ($16.7m), Wright Institute ($16.7m) and Anuvia Prevention and Recovery Center Inc ($16.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $996k (5.4% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $18.2m against liabilities of $7.7m, net assets of $10.5m. It reported 50 employees.