Congenital Heart Alliance of Cincinnati

Analysis

Congenital Heart Alliance of Cincinnati is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in October 1942, 84 years ago. 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 June 2023, Congenital Heart Alliance of Cincinnati reported income of $266k and spending of $377k, spending 142% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $308k to $266k (-14%), an average of -7.1% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 140% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Congenital Heart Alliance of Cincinnati sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Queen Annes Conservation Association Inc ($266k), Sixteenth Century Studies Conference ($266k) and North Central Nevada Historical Society ($266k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $8.0m against liabilities of $0, net assets of $8.0m.