Computing in Cardiology

Analysis

Computing in Cardiology is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in September 1983, 43 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 December 2023, Computing in Cardiology reported income of $166k and spending of $300k, spending 181% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $222k to $166k (-25%), an average of -7.1% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Computing in Cardiology sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Friends of the Jefferson Public Library ($166k), Gaithersburg Meals-On-Wheels Inc ($166k) and Society of American Military Engineers ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 110% of the total. At year end it held assets of $710k against liabilities of $2,500, net assets of $707k.