American Cochlear Implant Alliance Foundation

Analysis

American Cochlear Implant Alliance Foundation is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in June 2012, 14 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 June 2023, American Cochlear Implant Alliance Foundation reported income of $1.3m and spending of $1.4m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $685k to $1.3m (+90%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 143%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, American Cochlear Implant Alliance Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Northwest Hospital Foundation ($1.3m), New Hope Drug & Alcohol Treatment Program Inc ($1.3m) and Resilient Georgia Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $197k (14% of expenses). Other salaries and wages came to $303k. At year end it held assets of $2.6m against liabilities of $529k, net assets of $2.1m. It reported 4 employees.