William Novick Global Cardiac Alliance Inc

Analysis

William Novick Global Cardiac Alliance Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 2015, 11 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 2022, William Novick Global Cardiac Alliance Inc reported income of $2.5m and spending of $2.1m, spending 85% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.3m to $2.5m (+9.5%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 185%. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, William Novick Global Cardiac Alliance Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Institute for International Law and Human Rights ($2.5m), Global Compact Network USA Inc ($2.5m) and Impact Society Global ($2.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $130k (6.2% of expenses). Other salaries and wages came to $170k. At year end it held assets of $1.2m against liabilities of $137k, net assets of $1.1m. It reported 4 employees.