Christine M Kleinert Institute for Hand & Micro Surgery Inc

Analysis

Christine M Kleinert Institute for Hand & Micro Surgery Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 1988, 38 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Christine M Kleinert Institute for Hand & Micro Surgery Inc reported income of $79k and spending of $356k, spending 450% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $79k (-97%), an average of -58% a year. The sharpest change came in the year to December 2020, when income dropped by 87%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Christine M Kleinert Institute for Hand & Micro Surgery Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within KY. Charities of a similar size with the same main cause include Volunteers of America Inc ($79k), Allied Arts Foundation ($79k) and Worthington Field Studies Inc ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 46% of the total. Other salaries and wages came to $135k. At year end it held assets of $459k against liabilities of $133k, net assets of $326k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.