Cardiovascular Center of Sarasota Foundation for Research and Educat

Analysis

Cardiovascular Center of Sarasota Foundation for Research and Educat is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Cardiovascular Center of Sarasota Foundation for Research and Educat reported income of $310k and spending of $367k, spending 119% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $515k to $310k (-40%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. 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, Cardiovascular Center of Sarasota Foundation for Research and Educat sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Generation U Inc ($310k), Auxiliary of the Camden Clark Memorial Hospital of Parkersburg ($310k) and Ovarian Cancer Alliance of Greater Cincinnati ($310k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 32% and program service revenue 59% of the total. At year end it held assets of $985k against liabilities of $5,049, net assets of $980k.