Myocarditis Foundation

Analysis

Myocarditis Foundation is a registered charity in United States, based in Kingwood, TX. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover medical research, 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, Myocarditis Foundation reported income of $560k and spending of $407k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $778k to $560k (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Myocarditis Foundation sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Charis Health Center ($560k), Lanas Love Foundation Inc ($561k) and Douglas County Disabilities Coalition Inc ($560k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 0.1% of the total. Other salaries and wages came to $171k. At year end it held assets of $2.6m against liabilities of $206k, net assets of $2.3m. It reported 2 employees.