Mission
Fogarty Innovation is a nonprofit educational incubator dedicated to advancing medical innovation that improves human health. It does this by creating companies, educating stakeholders, and forming alliances to support the medtech ecosystem. The organization focuses on mentoring and encouraging innovators to develop technologies that address unmet clinical needs.
Basic Information
Founded in
2006
EIN
11-3800306
Total Assets
$26.94 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
At a Glance
Ferolyn Fellowship
A program designed to enhance the skills of aspiring innovators in the medtech field.
Lefteroff Internship
An internship aimed at providing hands-on experience to students interested in medical technology.
Innovative Startups
Support for promising startups developing cutting-edge medical technologies.
Upcoming Events
Workshops on Commercialization
2024-12-10
A workshop dedicated to the commercialization of medical innovations.
Learn MoreOur Programs
Company-in-Residence Program
An extensive program focused on early-stage medical technology companies.
Learn MoreLefteroff Internship
Internship for high school and college students to gain exposure to medtech projects.
Learn MoreImpact Reports
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
58
56
/100
Program Expense Ratio
77.64%
12
/20
Program Revenue Growth
113.86%
20
/20
Leverage Ratio
0.4527
8
/20
Working Capital Ratio
2.062
14
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2022
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 10.35M | 82.15% |
| Program Services | 1.571M | 12.47% |
| Investment Income | 35.48K | 0.28% |
| Sales of Non-Inventory Assets | 9.528K | 0.08% |
| Other Notable Sources | 633.8K | 5.03% |
| Total Revenue | 12.6M | 100.00% |
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