Create Cures Foundation

Analysis

Create Cures Foundation is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in May 2018, 8 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 December 2023, Create Cures Foundation reported income of $1.2m and spending of $691k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.2m (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2021, when income rose by 424%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Create Cures Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Texas Nurses Foundation ($1.2m), Kids Cancer Foundation Inc ($1.2m) and Outreach Concern Incorporated ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $5,000 (0.7% of expenses). Other salaries and wages came to $175k. At year end it held assets of $2.3m against liabilities of $18k, net assets of $2.3m. It reported 4 employees.