GRIN2B FOUNDATION
Mission Statement
MISSION STATEMENT GRIN2B Foundation is a parent-run organization dedicated to furthering research on the GRIN2B gene and providing support and education to the small, but growing community of individuals and families impacted by a GRIN2B diagnosis. Our objectives are to: FOSTER communication, offer encouragement and provide resources to families. PARTNER with researchers through fundraising and grants to develop potential treatments and gain a better understanding of a GRIN2B diagnosis. FACILITATE the development of an international patient registry program. RAISE the profile of this extremely rare diagnosis through the creation of a public awareness campaign.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
84.6% | 83.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.4% | 11.3% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.1% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 18.4% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
16.8 mo | 12.3 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.9% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
62.1% | 95.3% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
39.0% | 9.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-9.7% | 14.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
32.4% | 0.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $203K | $137K | $192K | 84.6% | 0 |
| 2022 | $146K | $152K | $126K | 0.0% | — |
| 2021 | $186K | $86K | N/A | — | 1 |
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