Believe in a Cure Inc

Analysis

Believe in a Cure Inc is a registered charity in United States, based in PRT Washingtn, NY. It received its IRS tax-exemption ruling in April 2020, 6 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, Believe in a Cure Inc reported income of $1.5m and spending of $1.3m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $111k to $1.5m (+1290%), an average of +93% a year. The sharpest change came in the year to December 2020, when income rose by 857%. Over the whole period it spent 49% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Believe in a Cure Inc 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 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Reach for Tomorrow Inc ($1.5m), Virginia Hospital Center Foundation ($1.5m) and Portico Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $79k (6.0% of expenses). Other salaries and wages came to $21k. At year end it held assets of $2.4m against liabilities of $11k, net assets of $2.4m. It reported 3 employees.