Aurum Institute USA

Analysis

Aurum Institute USA is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover medical research, 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, Aurum Institute USA reported income of $718k and spending of $677k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $504k to $718k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aurum Institute USA sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Julie Fund Inc ($718k), C V Parochial Medical Clinic Inc ($718k) and Idaho Veterans Research and Education Foundation Inc ($718k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 34% of the total. Other salaries and wages came to $341k. At year end it held assets of $1.1m against liabilities of $944k, net assets of $205k. It reported 1 employees.