Ovations for a Cure Inc

Analysis

Ovations for a Cure Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 2007, 19 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, Ovations for a Cure Inc reported income of $194k and spending of $194k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $186k to $194k (+4.4%), an average of +1.1% a year. The sharpest change came in the year to December 2022, when income rose by 17%. 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, Ovations for a Cure Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include National Council on Alcoholism and Drug Dependence Tulare County Inc ($194k), Ihpba Foundation Inc ($194k) and Home of Hope Cancer Wellness Centers ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $84k (43% of expenses). At year end it held assets of $119k against liabilities of $122k, net assets of -$2,947. It reported 1 employees.