Covid Plasma Initiative Foundation

Analysis

Covid Plasma Initiative Foundation is a registered charity in United States, based in Chestnut RDG, NY. It received its IRS tax-exemption ruling in May 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Covid Plasma Initiative Foundation reported income of $51k and spending of $50k, spending 98% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $120k to $51k (-57%), an average of -35% a year. The sharpest change came in the year to December 2021, when income dropped by 54%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Covid Plasma Initiative Foundation sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Oasis Biblical Counseling Center ($51k), JCHC Real Estate Inc ($51k) and Gladiator Fund ($51k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,294 against liabilities of $3,418, net assets of -$1,124.