Alliance of Cardiovascular Researchers

Analysis

Alliance of Cardiovascular Researchers is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover health care, 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 2022, Alliance of Cardiovascular Researchers reported income of $56k and spending of $758k, spending 1366% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $122k to $56k (-54%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 132%. Over the whole period it spent 525% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Alliance of Cardiovascular Researchers sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include SGML Eye Hospital USA Inc ($56k), Henry Aucoin Foundation ($56k) and Beading Hearts Overdose Loss Support Group Inc ($55k).

At year end it held assets of $1.6m against liabilities of $52k, net assets of $1.6m.

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.