Croi Foundation

Analysis

Croi Foundation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Croi Foundation reported income of $3.8m and spending of $4.5m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.9m to $3.8m (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Croi Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Saint Josephs Health System Inc ($3.8m), Family Recovery Center ($3.8m) and Eastside Mental Health Center Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $6.7m against liabilities of $1.1m, net assets of $5.6m.