Cardiovascular Implant Durability

Analysis

Cardiovascular Implant Durability is a registered charity in United States, based in Los Altos, CA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Cardiovascular Implant Durability reported income of $508k and spending of $407k, spending 80% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $264k to $508k (+92%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cardiovascular Implant Durability sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Aragon High School Ptso Inc a California NPFT Public BNFT Corp ($508k), White House Correspondents Association ($508k) and Life Academy GJ ($508k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $195k (48% of expenses). At year end it held assets of $322k against liabilities of $0, net assets of $322k.