Cure Innovations LLC

Analysis

Cure Innovations LLC is a registered charity in United States, based in Groton, CT. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Cure Innovations LLC reported income of $437k and spending of $563k, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $308k to $437k (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 133% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Cure Innovations LLC sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Ohio Urban Renaissance ($437k), Pony Express Partership for Children ($438k) and Walter Gerlach Livestock Show & Sale Inc ($437k).

Other salaries and wages came to $155k. At year end it held assets of $4.5m against liabilities of $1.0m, net assets of $3.5m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.