Cardiac Therapy Foundation of the Midpeninsula

Analysis

Cardiac Therapy Foundation of the Midpeninsula is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in March 1993, 33 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 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, Cardiac Therapy Foundation of the Midpeninsula reported income of $565k and spending of $585k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $620k to $565k (-8.9%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cardiac Therapy Foundation of the Midpeninsula sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Thresholds Health NFP ($565k), Dementia Together ($565k) and Unfailing Love Clinic Inc ($565k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $117k (20% of expenses). Other salaries and wages came to $373k. At year end it held assets of $891k against liabilities of $15k, net assets of $876k. It reported 28 employees.