Authoracare Foundation

Analysis

Authoracare Foundation is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Authoracare Foundation reported income of $4.5m and spending of $2.4m, leaving 47% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.2m to $4.5m (+105%), an average of +20% a year. The sharpest change came in the year to September 2022, when income rose by 233%. Over the whole period it spent 25% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Authoracare Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Make-A-Wish Foundation of Hawaii Inc ($4.5m), Phoebe Foundation Inc ($4.5m) and Salem Hospital Inc ($4.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% of the total. Other salaries and wages came to $430k. At year end it held assets of $51.5m against liabilities of $1.8m, net assets of $49.7m.