New York Cardiac Center Inc

Analysis

New York Cardiac Center Inc is a registered charity in United States, based in Tenafly, NJ. It received its IRS tax-exemption ruling in June 1946, 80 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 December 2023, New York Cardiac Center Inc reported income of $89k and spending of $312k, spending 350% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $165k to $89k (-46%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 139%. Over the whole period it spent 193% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Cardiac Center Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Concerns of Police Survivors ($89k), Northern Gila County Historical Society ($89k) and Little League Baseball Inc ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% of the total. Compensation of current officers, directors and key employees was $22k (7.2% of expenses). At year end it held assets of $2.5m against liabilities of $76k, net assets of $2.4m.