Champ1 Research Foundation Corporation

Analysis

Champ1 Research Foundation Corporation is a registered charity in United States, based in Spring Hill, FL. It received its IRS tax-exemption ruling in December 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 May 2024, Champ1 Research Foundation Corporation reported income of $80k and spending of $16k, leaving 80% of income unspent that year. Across the 3 years on record, from May 2021 to May 2024, income fell from $106k to $80k (-25%), an average of -13% a year. The sharpest change came in the year to May 2023, when income dropped by 32%. Over the whole period it spent 23% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Champ1 Research Foundation Corporation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Handler Hope Foundation Inc ($80k), Pregnancy Resource Center of South Central Missouri ($80k) and Dallas Amputee Network ($80k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $260k against liabilities of $0, net assets of $260k.