Heart Valve Collaboratory Inc

Analysis

Heart Valve Collaboratory Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2021, 5 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 December 2023, Heart Valve Collaboratory Inc reported income of $163k and spending of $491k, spending 301% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $300k to $163k (-46%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 139% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heart Valve Collaboratory Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Pregnancy Care Center of High Point ($163k), March for Moms Association ($163k) and New Jersey AIDS Walk ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $85k against liabilities of $549k, net assets of -$463k.