American College of Cardiology Foundation

Analysis

American College of Cardiology Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 1952, 74 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American College of Cardiology Foundation reported income of $124.2m and spending of $125.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $122.2m to $124.2m (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, American College of Cardiology Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within DC. Charities of a similar size with the same main cause include Broward Regional Health Planning Council Inc ($124.0m), New York Community Hospital of Brooklyn Inc ($124.4m) and Fund for Public Health in New York Inc ($123.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $6.6m (5.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $306.6m against liabilities of $159.2m, net assets of $147.4m. It reported 529 employees.