Saras Cure

Analysis

Saras Cure is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in May 2018, 8 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, Saras Cure reported income of $70k and spending of $97k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $70k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Saras Cure sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 34th percentile within SC. Charities of a similar size with the same main cause include Healthcare Resources Foundation ($70k), Vernon County Cancer Relief Fund ($70k) and Darts for Kids NFP ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $65k against liabilities of $57, net assets of $65k.