Cardiovascular Research Foundation

Analysis

Cardiovascular Research Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cardiovascular Research Foundation reported income of $78.3m and spending of $65.0m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $65.6m to $78.3m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cardiovascular Research Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Selby General Hospital ($78.2m), Arkansas Elder Outreach of Little Rock Inc ($78.3m) and Morton Plant Mease Health Services Inc ($78.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $2.0m (3.1% of expenses). Other salaries and wages came to $19.5m. At year end it held assets of $92.0m against liabilities of $45.5m, net assets of $46.4m. It reported 223 employees.