Cardiovascular Institute

Analysis

Cardiovascular Institute is a registered charity in United States, based in Warminster, PA. It received its IRS tax-exemption ruling in April 1999, 27 years ago. 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 June 2024, Cardiovascular Institute reported income of $650k and spending of $836k, spending 128% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $653k to $650k (-0.4%), an average of -0.1% a year. The sharpest change came in the year to June 2021, when income dropped by 27%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cardiovascular Institute sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Yl Hearts Inc ($650k), Barrington Tap in Inc ($651k) and St Louis County Historical Society ($650k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $187k (22% of expenses). Other salaries and wages came to $149k. At year end it held assets of $330k against liabilities of $7,918, net assets of $322k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.