Invisible Wounds Foundation

Chicago, IL · Public charity (501(c)(3)) · Since 2021 · Health Care

✓ Tax-deductible
Revenue
$572K
+66% vs prior year
Spent
$493K
To programs
51%
Net assets
$136K
By yearFY2022–FY2025
Revenue
$572K
FY2025▲ +66%
Revenue by fiscal year
FY2022$266K
FY2023$379K
FY2024$346K
FY2025$572K
Expenses
$493K
FY2025▲ +57%
Expenses by fiscal year
FY2022$167K
FY2023$440K
FY2024$315K
FY2025$493K
Net assets
$136K
FY2025▲ +100%
Net assets by fiscal year
FY2022$98K
FY2023$38K
FY2024$68K
FY2025$136K

From the FY2025 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CInvisible Wounds Foundation
EINHdr · item D87-4071937
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2022
Year of formationHdr · item L2021
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CChicago, IL
NTEE classificationIRS BMFHealth Care (E12)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.51 Management & general $0.45 Fundraising $0.05
Program services51%$249K
Management & general45%$221K
Fundraising5%$23K
Total functional expensesLn 25$493K

Financial health

Is it on solid ground?

Program efficiency
51%
of spending reaches programs▼ -49% vs prior filing year
Operating runway
3.3mo
months of highly liquid reserves at operating expense rate▲ +10% vs prior filing year
Surplus margin
+14%
revenue over expenses, this year▲ +57% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$136K
FY2025▲ +74%
Total assets by fiscal year
FY2022$108K
FY2023$57K
FY2024$78K
FY2025$136K
Total liabilities
$0
FY2025▼ -100%
Total liabilities by fiscal year
FY2022$10K
FY2023$20K
FY2024$10K
FY2025$0
Revenue less expensesPt I · Ln 19$79K
Total assetsPt X · Ln 16$136K
Program-expense ratioPt IX · col B51%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$136K
Total assetsLn 16$136K
Total liabilitiesLn 26$0
Total net assetsLn 32$136K
Months of cash on handcomputed3.3

Statement of Revenue

Part VIII
Contributions & grants102%$582K
Investment income$10
Total revenueLn 12$572K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $136K · Operating expenses/yr $493K
3.3 months
Where the money goes
Program services
Program services $249K · Total expenses $493K
51%
Management & General
Management & general $221K · Total expenses $493K
45%
Fundraising
Fundraising $23K · Total expenses $493K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $8K · Solicited contributions (3-yr avg) $436K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $582K · Total revenue $572K
102%
Government reliance
Government grants $0 · Total revenue $572K
0%
Earned-income share
Program service revenue $0 · Total revenue $572K
0%
Investment reliance
Investment income $10 · Total revenue $572K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $493K
0%
Growth & trend
Revenue growth (YoY)
This year $572K · Prior year $346K
+66%
Net-asset trend (YoY)
End of year $136K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $572K · Expenses $493K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $136K
—
Net-asset ratio
Net assets $136K · Total assets $136K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $136K
0%
People & payroll
Highest Reported Total Compensation
Individual Dr James Kelly · Reported title Chief Medical Scientist · Highest reported compensation $60K · Total expenses $493K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $148K · Total expenses $493K
30%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 51%——
Overhead ratio 45%——
Fundraising cost ratio 4%——
Revenue growth 66%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Medical Scientist
$60,000Pt VII · Sec A
$50,000Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A

Dr James Kelly’s $60K as Chief Medical Scientist is at the 45th percentile of top reported officer pay among 1980 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Invisible Wounds Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Advocates for science-based brain healthcare to heal and prevent veteran traumatic brain injury and suicide.

Provided by the organization

This section is blank until Invisible Wounds Foundation claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

1 program service account for $249K of program spending, described in the organization's own filed words · FY2025.
01

The foundation launched the Military Brain Health Collaborative bringing together the stakeholders required to pursue the foundations mission which is to understand the underlying cause of blast-related brain injuries suffered by our nations warriors and veterans in training and in combat.

$249Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$75K
Grants paid · 3 grants · $135K · 2023–2024
Special Ops SurvivorsCA · FY2023$50,000

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $572K$493K+66% 990 PDF
FY2024 $346K$315K-9% 990 PDF
FY2023 $379K$440K+43% 990 PDF
FY2022 $266K$167K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Invisible Wounds Foundation →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.