Boston Cardiac Foundation Inc

Analysis

Boston Cardiac Foundation Inc is a registered charity in United States, based in Melrose, MA. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Boston Cardiac Foundation Inc reported income of $61k and spending of $29k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $107k to $61k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 35% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Boston Cardiac Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Ti Kay Inc ($61k), Last Nations ($61k) and Be Love Orphan Outreach Missions Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 117% of the total. At year end it held assets of $429k against liabilities of $0, net assets of $429k.