Sarnoff Cardiovascular Research Foundation Inc

Analysis

Sarnoff Cardiovascular Research Foundation Inc is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in June 1982, 44 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sarnoff Cardiovascular Research Foundation Inc reported income of $2.0m and spending of $1.6m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $2.0m (-29%), an average of -8.3% a year. The sharpest change came in the year to June 2022, when income dropped by 114%. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sarnoff Cardiovascular Research Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Woodglen Recovery Junction Incorporated ($2.0m), Rural Health Association of Tennessee Inc ($2.0m) and Serenitystar ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% of the total. Compensation of current officers, directors and key employees was $174k (11% of expenses). Other salaries and wages came to $30k. At year end it held assets of $46.8m against liabilities of $841k, net assets of $45.9m. It reported 2 employees.