Emilio Nares Foundation

Analysis

Emilio Nares Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 December 2023, Emilio Nares Foundation reported income of $985k and spending of $1.1m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $985k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Emilio Nares Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Breasties Inc ($985k), Eastern Long Island Hospital Assoc Inc ($985k) and Terebinth Refuge ($985k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $104k (9.4% of expenses). Other salaries and wages came to $565k. At year end it held assets of $726k against liabilities of $168k, net assets of $559k. It reported 16 employees.