Cardiovascular Innovations Foundation

Analysis

Cardiovascular Innovations Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 2016, 10 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 (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, Cardiovascular Innovations Foundation reported income of $1.5m and spending of $1.8m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.5m (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2020, when income dropped by 67%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cardiovascular Innovations Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CO. Charities of a similar size with the same main cause include Foot Center of New York ($1.5m), Jane Bancroft Robinson Foundation Inc ($1.5m) and Global Health Corps Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. Other salaries and wages came to $146k. At year end it held assets of $681k against liabilities of $24k, net assets of $657k.