Cura Foundation

Analysis

Cura Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2008, 18 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, Cura Foundation reported income of $321k and spending of $963k, spending 300% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $321k (-82%), an average of -35% a year. The sharpest change came in the year to December 2020, when income rose by 452%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cura Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include National Association for Community Mediation - Nafcm - ($321k), Center for Asia Leadership Initiatives ($321k) and Institute for the Study of Human Knowledge ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (8.7% of expenses). Other salaries and wages came to $146k. At year end it held assets of $501k against liabilities of $131k, net assets of $370k. It reported 1 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.