Kure It Inc

Analysis

Kure It Inc is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in May 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 (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, Kure It Inc reported income of $1.4m and spending of $1.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kure It Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include American Friends of Herzog Hospital Inc ($1.4m), Aflac Childhood Cancer Foundation Inc ($1.4m) and Beth Israel Deaconess Department of Medicine Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 127% of the total. Other salaries and wages came to $279k. At year end it held assets of $1.2m against liabilities of $680, net assets of $1.2m. It reported 4 employees.