CG Foundation Inc

Analysis

CG Foundation Inc is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in March 2016, 10 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, CG Foundation Inc reported income of $63k and spending of $52k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $63k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, CG Foundation Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within NC. Charities of a similar size with the same main cause include Crystal Ball Foundation of Odessa ($63k), Pediatric Neurocritical Care Research Group Inc ($63k) and Cancer Research and Treatment Institute ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $46k against liabilities of $96, net assets of $46k.