Alvarado Knee Research Institute Inc

Analysis

Alvarado Knee Research Institute Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 1985, 41 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 September 2023, Alvarado Knee Research Institute Inc reported income of $115k and spending of $119k, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $406k to $115k (-72%), an average of -27% a year. The sharpest change came in the year to September 2023, when income dropped by 56%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alvarado Knee Research Institute Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Hinesburg Nursery School ($115k), Parkinsons Wellness Project Inc ($115k) and North Arlington Board of Fire Officers ($115k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% and program service revenue 25% of the total. At year end it held assets of $264k against liabilities of $100k, net assets of $164k.

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.