David M Carmines Memorial Foundation

Analysis

David M Carmines Memorial Foundation is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in March 2006, 20 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, David M Carmines Memorial Foundation reported income of $200k and spending of $164k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $210k to $200k (-4.6%), an average of -1.2% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, David M Carmines Memorial Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 59th percentile within SC. Charities of a similar size with the same main cause include Society for Advancement of Violence and Injury Research Inc ($200k), North Texas Rehabilitation Foundation ($200k) and Holy Name of Jesus Hospital Missionary Servants of the Most BL ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $95k against liabilities of $54k, net assets of $41k.