Comedy Cures Foundation Inc

Analysis

Comedy Cures Foundation Inc is a registered charity in United States, based in Tenafly, NJ. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Comedy Cures Foundation Inc reported income of $84k and spending of $122k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $84k (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 228%. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Comedy Cures Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within NJ. Charities of a similar size with the same main cause include Home of Hope Ministries ($84k), Sturgis Kiwanis Food Pantry ($84k) and Sertoma Senior Citizens Center Inc ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $101k against liabilities of $1.6m, net assets of -$1.5m.