Cruisin for a Cure

Analysis

Cruisin for a Cure is a registered charity in United States, based in Mission Viejo, CA. It received its IRS tax-exemption ruling in March 2001, 25 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, Cruisin for a Cure reported income of $248k and spending of $463k, spending 187% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $286k to $248k (-13%), an average of -3.6% a year. The sharpest change came in the year to December 2022, when income rose by 604%. Over the whole period it spent 257% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cruisin for a Cure sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Ohio Dermatological Foundation ($248k), A Step Ahead Foundation of East Tennessee Inc ($248k) and Sephardic Medical Resources Inc ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% of the total. Compensation of current officers, directors and key employees was $115k (25% of expenses). At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 1 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.