Cardiostart International Incorporated

Analysis

Cardiostart International Incorporated is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Cardiostart International Incorporated reported income of $566k and spending of $441k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $574k to $566k (-1.4%), an average of -0.3% a year. The sharpest change came in the year to December 2023, when income rose by 228%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cardiostart International Incorporated sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Clovis Community College Foundation Inc ($566k), The Jack and Buena Foundation ($566k) and United Way of Eddy County ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $56k (13% of expenses). Other salaries and wages came to $27k. At year end it held assets of $212k against liabilities of $1,264, net assets of $211k. It reported 2 employees.