Foundation for Cardiovascular Medicine and Research

Analysis

Foundation for Cardiovascular Medicine and Research is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Cardiovascular Medicine and Research reported income of $287k and spending of $341k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $133k to $287k (+116%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 400%. Over the whole period it spent 234% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Cardiovascular Medicine and Research sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Global Health System Foundation Inc ($287k), Norton Regional Health Foundation ($287k) and Prostate Cancer Foundation of Chicago ($287k).

Compensation of current officers, directors and key employees was $254k (74% of expenses). At year end it held assets of $2.5m against liabilities of $85k, net assets of $2.4m. It reported 3 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.