New Cardiovascular Horizons Foundation

Analysis

New Cardiovascular Horizons Foundation is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, New Cardiovascular Horizons Foundation reported income of $3.2m and spending of $3.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.8m to $3.2m (-16%), an average of -4.4% a year. The sharpest change came in the year to June 2021, when income rose by 151%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Cardiovascular Horizons Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within LA. Charities of a similar size with the same main cause include Trihealth Hospital Inc ($3.2m), The Cullen Trust for Health Care ($3.2m) and St Johns Health Foundation ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Other salaries and wages came to $144k. At year end it held assets of $2.9m against liabilities of $460k, net assets of $2.5m. It reported 2 employees.