Abraham J and Phyllis Katz Cord Blood Foundation

Analysis

Abraham J and Phyllis Katz Cord Blood Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 2007, 19 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, Abraham J and Phyllis Katz Cord Blood Foundation reported income of $11.0m and spending of $6.9m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $11.0m (+130%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Abraham J and Phyllis Katz Cord Blood Foundation sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Leary Educational Foundation Inc ($11.0m), Legacy Visiting Nurse Association ($11.0m) and Denver Childrens Home ($11.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $484k (7.0% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $8.0m against liabilities of $1.8m, net assets of $6.2m. It reported 44 employees.