Cure Foundation

Analysis

Cure Foundation is a registered charity in United States, based in Marina Del Rey, CA. It received its IRS tax-exemption ruling in November 1976, 50 years ago. Its declared purposes cover medical research, 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 July 2023, Cure Foundation reported income of $65k and spending of $42k, leaving 34% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income fell from $169k to $65k (-62%), an average of -21% a year. The sharpest change came in the year to July 2021, when income dropped by 51%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cure Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Operation Walk New York Inc ($65k), Optometric Foundation of North Dakota Inc ($65k) and Deaf-Blind Contact Center Inc ($65k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $362k against liabilities of $0, net assets of $362k.