Chemocars Inc

Analysis

Chemocars Inc is a registered charity in United States, based in Cornelius, NC. It received its IRS tax-exemption ruling in March 2018, 8 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, Chemocars Inc reported income of $123k and spending of $145k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $268k to $123k (-54%), an average of -18% a year. The sharpest change came in the year to December 2022, when income rose by 48%. 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, Chemocars Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include International Consortium Ofcirculatory Assist Clinicians a NJ ($123k), Logica Inc ($123k) and Evolutionary Power Institute ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.